Menta Capital LLC decreased its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 16.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,334 shares of the specialty retailer’s stock after selling 1,665 shares during the quarter. Menta Capital LLC’s holdings in Lamb Weston were worth $613,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LW. Capital International Investors bought a new position in Lamb Weston in the third quarter worth approximately $198,541,000. Oregon Public Employees Retirement Fund raised its stake in Lamb Weston by 4,768.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock worth $38,000 after buying an additional 2,749,828 shares in the last quarter. Geode Capital Management LLC raised its stake in Lamb Weston by 57.9% in the fourth quarter. Geode Capital Management LLC now owns 2,152,534 shares of the specialty retailer’s stock worth $158,094,000 after buying an additional 789,356 shares in the last quarter. AQR Capital Management LLC raised its stake in Lamb Weston by 82.4% in the third quarter. AQR Capital Management LLC now owns 1,311,849 shares of the specialty retailer’s stock worth $87,369,000 after buying an additional 592,622 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in Lamb Weston in the third quarter worth approximately $26,306,000. 82.12% of the stock is owned by institutional investors.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Daiwa Capital Markets initiated coverage on shares of Lamb Weston in a research report on Wednesday, February 27th. They issued an “outperform” rating for the company. Jefferies Financial Group set a $85.00 price objective on shares of Lamb Weston and gave the stock a “buy” rating in a research report on Friday, January 25th. Stifel Nicolaus upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 22nd. Finally, Barclays upped their price objective on shares of Lamb Weston from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Lamb Weston currently has an average rating of “Hold” and an average target price of $77.14.

Shares of Lamb Weston stock opened at $69.51 on Friday. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.90 and a beta of -0.19. Lamb Weston Holdings Inc has a fifty-two week low of $54.04 and a fifty-two week high of $83.86.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. The business had revenue of $911.40 million during the quarter, compared to the consensus estimate of $897.08 million. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Sell-side analysts expect that Lamb Weston Holdings Inc will post 3.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were given a $0.20 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is 30.08%.

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Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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