Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Cercano Management LLC

Cercano Management LLC decreased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 32.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,292 shares of the specialty retailer’s stock after selling 64,367 shares during the quarter. Cercano Management LLC owned about 0.09% of Lamb Weston worth $14,191,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LW. Headlands Technologies LLC purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $51,000. Truist Financial Corp boosted its holdings in shares of Lamb Weston by 30.5% in the 4th quarter. Truist Financial Corp now owns 36,346 shares of the specialty retailer’s stock valued at $3,929,000 after acquiring an additional 8,497 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Lamb Weston by 179.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 11,611 shares of the specialty retailer’s stock valued at $1,255,000 after acquiring an additional 7,458 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Lamb Weston by 2.7% in the 4th quarter. California Public Employees Retirement System now owns 657,296 shares of the specialty retailer’s stock valued at $71,047,000 after acquiring an additional 17,498 shares during the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $214,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LW. StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Bank of America lowered their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Citigroup lowered their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, BNP Paribas assumed coverage on shares of Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.40.

Lamb Weston Price Performance

NYSE:LW traded up $0.35 during trading hours on Friday, reaching $83.85. 2,462,698 shares of the company were exchanged, compared to its average volume of 4,422,213. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock’s 50-day moving average is $95.51 and its 200-day moving average is $98.47. The firm has a market cap of $12.11 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a twelve month low of $77.41 and a twelve month high of $117.38.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is 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.