Northwestern Mutual Wealth Management Co. Has $142,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Northwestern Mutual Wealth Management Co. raised its holdings in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 68.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,377 shares of the specialty retailer’s stock after buying an additional 966 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Lamb Weston were worth $142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new position in shares of Lamb Weston during the 1st quarter worth about $27,000. Engine Capital Management LP acquired a new position in shares of Lamb Weston during the 4th quarter worth about $32,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Lamb Weston during the 1st quarter worth about $38,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of Lamb Weston during the 4th quarter worth about $59,000. Finally, Prospera Financial Services Inc acquired a new position in shares of Lamb Weston during the 1st quarter worth about $55,000. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lamb Weston news, SVP Eryk J. Spytek sold 3,867 shares of the business’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $75.00, for a total value of $290,025.00. Following the completion of the sale, the senior vice president now owns 37,955 shares of the company’s stock, valued at approximately $2,846,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lamb Weston news, SVP Eryk J. Spytek sold 3,867 shares of the business’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $75.00, for a total value of $290,025.00. Following the completion of the sale, the senior vice president now owns 37,955 shares of the company’s stock, valued at approximately $2,846,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eryk J. Spytek sold 3,001 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $79.97, for a total transaction of $239,989.97. Following the completion of the sale, the senior vice president now directly owns 47,936 shares of the company’s stock, valued at approximately $3,833,441.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,654 shares of company stock valued at $755,709. Company insiders own 0.80% of the company’s stock.

Lamb Weston Stock Performance

Shares of LW stock opened at $82.58 on Friday. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 1.25 and a beta of 0.53. The company has a debt-to-equity ratio of 7.48, a quick ratio of 1.55 and a current ratio of 2.37. The company has a 50-day simple moving average of $76.24 and a 200 day simple moving average of $67.67. Lamb Weston Holdings, Inc. has a 52 week low of $49.71 and a 52 week high of $83.29.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 5th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, August 4th. Lamb Weston’s payout ratio is 71.53%.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of Lamb Weston from a “b-” rating to a “c+” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Moderate Buy” and an average target price of $67.67.

Lamb Weston Profile

(Get Rating)

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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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