Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Rodgers Brothers Inc.

Rodgers Brothers Inc. lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 874.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,371 shares of the specialty retailer’s stock after buying an additional 124,170 shares during the quarter. Lamb Weston makes up approximately 1.2% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 19th largest position. Rodgers Brothers Inc. owned approximately 0.10% of Lamb Weston worth $9,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 170 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 186 shares during the period. Blair William & Co. IL lifted its stake in Lamb Weston by 3.2% during the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock worth $476,000 after purchasing an additional 219 shares in the last quarter. Atria Investments Inc boosted its position in shares of Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock worth $485,000 after buying an additional 227 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of Lamb Weston by 2.8% in 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 in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays decreased their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. 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 report on Friday, December 20th. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.55.

Lamb Weston Price Performance

Shares of LW opened at $53.95 on Monday. The firm has a fifty day moving average price of $55.73 and a 200 day moving average price of $65.88. The stock has a market cap of $7.70 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

About Lamb Weston

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.