AGF Management Ltd. Sells 462 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

AGF Management Ltd. reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,992 shares of the specialty retailer’s stock after selling 462 shares during the period. AGF Management Ltd.’s holdings in Lamb Weston were worth $467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LW. Alberta Investment Management Corp bought a new stake in Lamb Weston in the 4th quarter valued at $2,641,000. Atria Wealth Solutions Inc. bought a new stake in Lamb Weston in the 4th quarter valued at $2,850,000. Leeward Investments LLC MA boosted its holdings in Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after purchasing an additional 45,904 shares during the period. HB Wealth Management LLC boosted its holdings in Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after purchasing an additional 817 shares during the period. Finally, Advisor OS LLC bought a new stake in Lamb Weston in the 4th quarter valued at $556,000. 89.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target for the company. JPMorgan Chase & Co. increased 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. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective for the company. Finally, Citigroup cut shares of 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $76.73.

Lamb Weston Trading Up 4.8 %

Shares of Lamb Weston stock opened at $50.98 on Friday. The stock has a market capitalization of $7.27 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a 50-day simple moving average of $57.19 and a 200 day simple moving average of $66.47. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $107.50.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $63.25 per share, with a total value of $75,900.00. Following the purchase, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

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.