DekaBank Deutsche Girozentrale Purchases 6,886 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

DekaBank Deutsche Girozentrale raised its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 5.7% during the first quarter, Holdings Channel reports. The fund owned 128,407 shares of the specialty retailer’s stock after buying an additional 6,886 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Lamb Weston were worth $13,635,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. WFA Asset Management Corp boosted its stake in shares of Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Lamb Weston in the first quarter worth $28,000. Redmont Wealth Advisors LLC purchased a new stake in Lamb Weston during the first quarter valued at about $32,000. TFO Wealth Partners LLC grew its stake in shares of Lamb Weston by 8,040.0% during the fourth quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock valued at $432,000 after buying an additional 402 shares during the last quarter. Finally, Vima LLC purchased a new position in shares of Lamb Weston in the fourth quarter worth about $50,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LW. Wells Fargo & Company dropped their target price on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $60.00 in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Barclays dropped their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Finally, Citigroup cut their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Lamb Weston Trading Down 3.4 %

Shares of LW traded down $2.00 during trading hours on Friday, reaching $56.94. 4,766,844 shares of the company traded hands, compared to its average volume of 5,084,109. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 5.65 and a beta of 0.74. The company’s fifty day moving average price is $79.16 and its two-hundred day moving average price is $89.99. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.53%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Insider Transactions at Lamb Weston

In other news, Director William G. Jurgensen purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.66% of the company’s stock.

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.