KLP Kapitalforvaltning AS Purchases New Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

KLP Kapitalforvaltning AS purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 102,100 shares of the specialty retailer’s stock, valued at approximately $6,823,000. KLP Kapitalforvaltning AS owned about 0.07% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LW. West Oak Capital LLC raised its holdings in shares of Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston in the fourth quarter valued at approximately $36,000. Brooklyn Investment Group bought a new position in shares of Lamb Weston during the third quarter valued at approximately $40,000. Finally, Larson Financial Group LLC raised its position in shares of Lamb Weston by 614.4% during the 3rd quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 596 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LW shares. Sanford C. Bernstein started coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and an average target price of $76.73.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $53.93 on Tuesday. The company has a market capitalization of $7.69 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. 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 stock has a fifty day moving average of $56.20 and a 200-day moving average of $66.14. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $107.50.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Insider Buying and Selling

In other news, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

Lamb Weston Company 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.