Korea Investment CORP Boosts Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Korea Investment CORP lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 28.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,288 shares of the specialty retailer’s stock after buying an additional 10,800 shares during the quarter. Korea Investment CORP’s holdings in Lamb Weston were worth $3,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LW. Allworth Financial LP lifted its position in shares of Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 170 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 186 shares in the last quarter. Atria Investments Inc grew its holdings in Lamb Weston by 3.2% during the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock valued at $485,000 after buying an additional 227 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Lamb Weston by 2.8% during the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock valued at $595,000 after buying an additional 239 shares during the period. Finally, West Oak Capital LLC lifted its holdings in shares of Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after buying an additional 274 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LW. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Barclays decreased their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Sanford C. Bernstein initiated coverage on Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $74.55.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $53.21 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $105.31. The company has a fifty day moving average of $55.40 and a 200-day moving average of $65.73. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.78%. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.