Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by MCF Advisors LLC

MCF Advisors LLC decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 21.8% in the third quarter, Holdings Channel reports. The firm owned 594 shares of the specialty retailer’s stock after selling 166 shares during the period. MCF Advisors LLC’s holdings in Lamb Weston were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WFA Asset Management Corp boosted its holdings in Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 174 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the 1st quarter valued at approximately $28,000. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston in the 1st quarter worth approximately $32,000. Crewe Advisors LLC grew its position in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of NYSE LW opened at $76.92 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.38 and a beta of 0.75. The firm’s 50 day simple moving average is $66.77 and its 200-day simple moving average is $74.55. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $1.63 earnings per share. Analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Lamb Weston’s payout ratio is 33.80%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LW. Barclays lifted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Stifel Nicolaus boosted their price target on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday. Bank of America raised their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. The Goldman Sachs Group dropped their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, TD Cowen raised their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.22.

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.