Public Employees Retirement Association of Colorado Cuts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Public Employees Retirement Association of Colorado lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,461 shares of the specialty retailer’s stock after selling 862 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Lamb Weston were worth $1,754,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Lamb Weston by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,836 shares of the specialty retailer’s stock worth $20,863,000 after buying an additional 1,400 shares during the period. LRI Investments LLC purchased a new stake in Lamb Weston during the 1st quarter worth $308,000. 1832 Asset Management L.P. purchased a new stake in Lamb Weston during the 1st quarter worth $210,000. Gamco Investors INC. ET AL increased its position in shares of Lamb Weston by 4.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 11,683 shares of the specialty retailer’s stock worth $1,245,000 after purchasing an additional 480 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in shares of Lamb Weston by 16.0% in the 1st quarter. EP Wealth Advisors LLC now owns 3,798 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on LW. Citigroup dropped their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Barclays dropped their target price 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. Bank of America dropped their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. TD Cowen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their price target for the company from $105.00 to $61.00 in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.70.

Lamb Weston Trading Up 2.5 %

Lamb Weston stock opened at $57.63 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The firm has a 50-day moving average price of $81.50 and a two-hundred day moving average price of $91.10. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 5.41 and a beta of 0.74. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88.

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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, August 2nd. Lamb Weston’s payout ratio 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.