Procyon Advisors LLC Lowers Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Procyon Advisors LLC lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,420 shares of the specialty retailer’s stock after selling 2,139 shares during the period. Procyon Advisors LLC’s holdings in Lamb Weston were worth $802,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC increased its holdings in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Lamb Weston in the second quarter worth about $29,000. Clear Street Markets LLC grew its stake in shares of Lamb Weston by 92.5% in the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 136 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Lamb Weston by 330.1% in the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 482 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Lamb Weston in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. BNP Paribas began coverage on Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price objective on the stock. StockNews.com cut Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, January 5th. Citigroup assumed coverage on shares of Lamb Weston in a report on Thursday, February 1st. They issued a “buy” rating and a $132.00 price objective for the company. Finally, Wells Fargo & Company initiated coverage on Lamb Weston in a report on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.20.

Lamb Weston Price Performance

Shares of Lamb Weston stock traded up $0.65 on Thursday, hitting $106.95. 117,836 shares of the company traded hands, compared to its average volume of 1,561,074. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.57 and a current ratio of 1.29. The business has a 50-day simple moving average of $103.31 and a 200 day simple moving average of $99.79. Lamb Weston Holdings, Inc. has a 52 week low of $81.25 and a 52 week high of $117.38. The stock has a market capitalization of $15.44 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.19 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The company’s revenue was up 35.6% compared to the same quarter last year. Research analysts expect that Lamb Weston Holdings, Inc. will post 5.97 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.35%. Lamb Weston’s dividend payout ratio (DPR) is presently 18.73%.

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.