Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 27.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,912 shares of the specialty retailer’s stock after selling 11,123 shares during the quarter. Amalgamated Bank’s holdings in Lamb Weston were worth $1,872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of Lamb Weston during the 1st quarter worth $28,000. Crewe Advisors LLC raised its stake in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the last quarter. GAMMA Investing LLC raised its stake in Lamb Weston by 135.8% in 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 during the last quarter. City State Bank raised its stake in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in Lamb Weston in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. TD Cowen boosted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Wells Fargo & Company upped their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Stock Down 0.7 %

NYSE LW opened at $80.40 on Wednesday. The stock has a market cap of $11.47 billion, a PE ratio of 18.87, a P/E/G ratio of 1.45 and a beta of 0.72. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The business has a 50 day moving average price of $70.82 and a two-hundred day moving average price of $74.26. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 33.80%.

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.