CoreFirst Bank & Trust Invests $78,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

CoreFirst Bank & Trust acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,173 shares of the specialty retailer’s stock, valued at approximately $78,000.

Several other hedge funds have also recently added to or reduced their stakes in LW. Southpoint Capital Advisors LP bought a new stake in shares of Lamb Weston in the 3rd quarter valued at about $129,480,000. Boston Partners grew its holdings in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock valued at $232,330,000 after purchasing an additional 735,901 shares during the period. State Street Corp increased its stake in Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in Lamb Weston by 697.4% in the fourth quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after purchasing an additional 306,343 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Lamb Weston during the third quarter worth $19,822,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

NYSE:LW opened at $52.97 on Wednesday. The stock’s 50-day simple moving average is $56.06 and its 200 day simple moving average is $66.07. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $107.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market cap of $7.56 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio is currently 58.50%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus reduced their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Finally, Barclays lowered their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.73.

Insider Activity

In other news, Director Robert A. Niblock bought 3,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

About Lamb Weston

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.