Mezzasalma Advisors LLC Sells 6,103 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Mezzasalma Advisors LLC lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 32.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,972 shares of the specialty retailer’s stock after selling 6,103 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Lamb Weston were worth $1,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Lamb Weston by 15.1% in the 4th quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock valued at $199,183,000 after purchasing an additional 241,848 shares during the period. Artemis Investment Management LLP raised its stake in Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after buying an additional 663,985 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Lamb Weston by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock valued at $126,189,000 after buying an additional 21,981 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Lamb Weston by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock worth $107,936,000 after acquiring an additional 27,253 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Lamb Weston during the 4th quarter worth approximately $93,553,000. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the subject of a number of research analyst reports. 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. Citigroup reduced their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Barclays lowered their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Bank of America reduced their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Wells Fargo & Company decreased their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Price Performance

Shares of LW stock traded down $0.06 during trading on Thursday, hitting $82.68. The company had a trading volume of 857,895 shares, compared to its average volume of 1,707,905. The firm has a market capitalization of $11.94 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The stock’s 50-day moving average price is $85.42 and its 200 day moving average price is $95.21.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Equities analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Company 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.