Okabena Investment Services Inc. Invests $685,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Okabena Investment Services Inc. bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,249 shares of the specialty retailer’s stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer’s stock valued at $1,112,511,000 after purchasing an additional 58,066 shares during the last quarter. State Street Corp raised its stake in Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after acquiring an additional 549,812 shares during the period. Boston Partners boosted its position in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. Geode Capital Management LLC raised its position in shares of Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after purchasing an additional 24,097 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston during the 3rd quarter worth about $129,480,000. 89.56% of the stock is owned by institutional investors.

Insider Activity at Lamb Weston

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

Lamb Weston Trading Up 0.1 %

NYSE LW opened at $53.95 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $105.55. The business’s fifty day moving average is $55.73 and its 200 day moving average is $65.83. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on LW shares. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One 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’s stock. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and a consensus price target of $74.55.

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.