UMB Bank n.a. Has $15.75 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

UMB Bank n.a. cut its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,519 shares of the specialty retailer’s stock after selling 1,293 shares during the quarter. UMB Bank n.a. owned 0.21% of Lamb Weston worth $15,751,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer’s stock worth $1,112,511,000 after purchasing an additional 58,066 shares during the period. JANA Partners Management LP lifted its stake in Lamb Weston by 22.3% during the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer’s stock worth $476,587,000 after purchasing an additional 1,302,585 shares during the period. Capital Research Global Investors bought a new position in Lamb Weston during the fourth quarter worth about $423,270,000. Boston Partners lifted its stake 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. Finally, Geode Capital Management LLC lifted its stake in Lamb Weston by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer’s stock worth $229,065,000 after purchasing an additional 48,548 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a “hold” rating in a research note on Thursday, April 24th. Jefferies Financial Group cut their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Wall Street Zen upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.91.

Lamb Weston Price Performance

LW opened at $55.66 on Friday. The company has a fifty day moving average price of $53.30 and a two-hundred day moving average price of $59.01. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $88.25. The firm has a market capitalization of $7.86 billion, a PE ratio of 22.00, a P/E/G ratio of 1.40 and a beta of 0.49.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, May 2nd. Lamb Weston’s dividend payout ratio is presently 58.04%.

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.