Cedar Wealth Management LLC Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Cedar Wealth Management LLC cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 14.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,248 shares of the specialty retailer’s stock after selling 720 shares during the quarter. Cedar Wealth Management LLC’s holdings in Lamb Weston were worth $275,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clarkston Capital Partners LLC increased its holdings in shares of Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. TPG GP A LLC increased its stake in Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Lamb Weston by 5.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after buying an additional 114,049 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after buying an additional 830,511 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lamb Weston by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,121,626 shares of the specialty retailer’s stock valued at $94,300,000 after buying an additional 38,970 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LW. Citigroup lifted their price target on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. 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 report on Tuesday, September 24th. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus increased their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Trading Down 2.3 %

LW stock opened at $75.07 on Wednesday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm has a market cap of $10.70 billion, a P/E ratio of 17.62, a PEG ratio of 1.35 and a beta of 0.72. The company’s 50-day simple moving average is $72.07 and its 200-day simple moving average is $74.10.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

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.