M&T Bank Corp Sells 15,799 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

M&T Bank Corp cut its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 57.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,679 shares of the specialty retailer’s stock after selling 15,799 shares during the period. M&T Bank Corp’s holdings in Lamb Weston were worth $756,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. City State Bank boosted its stake in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Lamb Weston in the third quarter valued at about $29,000. Riverview Trust Co acquired a new position in Lamb Weston in the third quarter worth about $35,000. Finally, Family Firm Inc. bought a new position in Lamb Weston during the second quarter worth about $36,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Up 3.7 %

Shares of NYSE LW opened at $82.23 on Tuesday. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a 50-day moving average of $76.48 and a two-hundred day moving average of $72.85. The company has a market cap of $11.73 billion, a PE ratio of 19.30, a P/E/G ratio of 1.34 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate 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%. Lamb Weston’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. Lamb Weston’s payout ratio is 33.80%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America upped their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Wells Fargo & Company lifted their price objective on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.27.

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.