AMJ Financial Wealth Management Lowers Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

AMJ Financial Wealth Management cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,169 shares of the specialty retailer’s stock after selling 261 shares during the quarter. AMJ Financial Wealth Management’s holdings in Lamb Weston were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Lamb Weston by 20.0% in the first quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after buying an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock worth $4,028,000 after purchasing an additional 15,364 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Lamb Weston in the 1st quarter worth $810,000. Confluence Investment Management LLC acquired a new position in Lamb Weston during the 2nd quarter worth approximately $7,937,000. Finally, EntryPoint Capital LLC purchased a new position in Lamb Weston in the first quarter worth $28,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LW has been the subject of several research analyst reports. TD Cowen downgraded Lamb Weston from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $61.00 in a research note on Thursday, July 25th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. 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. JPMorgan Chase & Co. cut their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Citigroup dropped their target price on Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Insider Buying and Selling at Lamb Weston

In related news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Lamb Weston Stock Performance

NYSE:LW traded up $0.59 during midday trading on Tuesday, reaching $63.76. 32,904 shares of the company traded hands, compared to its average volume of 2,495,655. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 6.00 and a beta of 0.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a fifty day moving average price of $66.29 and a 200 day moving average price of $81.83.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. On average, analysts expect that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s payout ratio is currently 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.