Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 552.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,813 shares of the specialty retailer’s stock after purchasing an additional 9,155 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Lamb Weston were worth $1,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LW. WFA Asset Management Corp boosted its position in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Lamb Weston during the 1st quarter worth $32,000. Vima LLC bought a new position in shares of Lamb Weston in the fourth quarter worth $50,000. Headlands Technologies LLC bought a new position in shares of Lamb Weston in the fourth quarter worth $51,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Lamb Weston by 864.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 432 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on LW shares. Bank of America dropped their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company cut their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Barclays decreased their target price on Lamb Weston from $105.00 to $96.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Citigroup dropped their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.30.

Lamb Weston Stock Down 28.2 %

Shares of NYSE:LW traded down $22.19 during trading on Wednesday, reaching $56.43. 22,832,040 shares of the company traded hands, compared to its average volume of 2,303,606. The firm has a fifty day simple moving average of $83.98 and a 200 day simple moving average of $92.56. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a 1-year low of $56.23 and a 1-year high of $117.38. The firm has a market cap of $8.15 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 1.30 and a beta of 0.74.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.36 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.55%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Lamb Weston 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.