Meyer Handelman Co. Sells 10,079 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Meyer Handelman Co. lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,042 shares of the specialty retailer’s stock after selling 10,079 shares during the period. Meyer Handelman Co. owned approximately 0.08% of Lamb Weston worth $7,822,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. City State Bank raised its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Lamb Weston in the third quarter worth $29,000. West Oak Capital LLC increased its position in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares during the last quarter. Riverview Trust Co bought a new stake in Lamb Weston in the 3rd quarter worth approximately $35,000. Finally, CVA Family Office LLC lifted its position in Lamb Weston by 143.8% in the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after buying an additional 338 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of analyst reports. Stifel Nicolaus decreased 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 report on Friday, December 20th. Wells Fargo & Company boosted their price objective on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Barclays decreased their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $81.00.

Insider Activity

In other news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares of the company’s stock, valued at $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 can be accessed through this link. Also, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the acquisition, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Lamb Weston Trading Down 1.8 %

NYSE LW opened at $59.74 on Wednesday. The firm has a market capitalization of $8.52 billion, a PE ratio of 14.02, a P/E/G ratio of 1.42 and a beta of 0.73. The stock’s 50 day moving average is $72.55 and its 200 day moving average is $69.81. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $110.61. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. Research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio is 58.50%.

Lamb Weston 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.