Montrusco Bolton Investments Inc. Cuts Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Montrusco Bolton Investments Inc. decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 97.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,550 shares of the specialty retailer’s stock after selling 1,006,068 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Lamb Weston were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. City State Bank grew its holdings in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares during the period. Bridges Investment Management Inc. lifted its position in Lamb Weston by 2.8% during the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after purchasing an additional 181 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Lamb Weston by 1.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock valued at $1,125,000 after purchasing an additional 188 shares during the period. Finally, Fulton Bank N.A. lifted its position in Lamb Weston by 4.6% during the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LW shares. Barclays increased their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, TD Cowen increased their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $76.92 on Friday. The firm has a fifty day moving average price of $72.85 and a 200-day moving average price of $74.07. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market cap of $10.97 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) 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 net margin of 9.57% and a return on equity of 34.33%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 earnings per share. Equities analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.87%. Lamb Weston’s payout ratio is 33.80%.

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.