Daiwa Securities Group Inc. lowered its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 16.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,255 shares of the specialty retailer’s stock after selling 8,480 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lamb Weston were worth $2,498,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in Lamb Weston by 16.4% during the fourth quarter. California Public Employees Retirement System now owns 298,530 shares of the specialty retailer’s stock worth $16,852,000 after purchasing an additional 42,064 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Lamb Weston by 319.0% during the fourth quarter. Teacher Retirement System of Texas now owns 47,866 shares of the specialty retailer’s stock worth $2,702,000 after purchasing an additional 36,443 shares during the last quarter. ING Groep NV lifted its stake in Lamb Weston by 36.8% during the fourth quarter. ING Groep NV now owns 15,430 shares of the specialty retailer’s stock worth $871,000 after purchasing an additional 4,154 shares during the last quarter. DSAM Partners London Ltd bought a new stake in Lamb Weston during the fourth quarter worth $15,054,000. Finally, Clarus Wealth Advisors bought a new stake in Lamb Weston during the fourth quarter worth $453,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Peter J. Bensen purchased 5,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was bought at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the purchase, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on LW shares. Bank of America upped their target price on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, January 25th. Stifel Nicolaus increased their price target on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Finally, Jefferies Group increased their price target on Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.14.

Lamb Weston Holdings Inc (NYSE:LW) opened at $54.24 on Thursday. Lamb Weston Holdings Inc has a 12 month low of $39.07 and a 12 month high of $60.85. The company has a market capitalization of $7,975.06, a price-to-earnings ratio of 24.68, a PEG ratio of 1.84 and a beta of 0.43. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company had revenue of $824.60 million during the quarter, compared to analysts’ expectations of $815.29 million. During the same period in the prior year, the company earned $0.63 EPS. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts predict that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. Lamb Weston’s dividend payout ratio is presently 35.19%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://theolympiareport.com/2018/02/15/daiwa-securities-group-inc-has-2-50-million-position-in-lamb-weston-holdings-inc-lw.html.

Lamb Weston Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings Inc (NYSE:LW).

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.