Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,702 shares of the specialty retailer’s stock after acquiring an additional 253 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lamb Weston were worth $2,921,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lamb Weston by 0.4% during 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 in the last quarter. State Street Corp boosted its holdings in Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after buying an additional 549,812 shares in the last quarter. Boston Partners grew its position in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after buying an additional 735,901 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 buying an additional 24,097 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Lamb Weston during the 4th quarter valued at $96,736,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Barclays reduced their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company dropped their target price on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.55.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $54.17 on Thursday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $103.49. The business’s 50-day moving average price is $55.27 and its two-hundred day moving average price is $65.65. The company has a market capitalization of $7.73 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.73%. Lamb Weston’s dividend payout ratio is currently 58.50%.

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.