Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 31.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 655 shares of the specialty retailer’s stock after acquiring an additional 158 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Lamb Weston were worth $70,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC lifted its holdings in Lamb Weston by 1.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 38,568 shares of the specialty retailer’s stock worth $4,109,000 after buying an additional 724 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in Lamb Weston by 1.2% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock worth $1,444,000 after buying an additional 161 shares in the last quarter. FORA Capital LLC acquired a new stake in Lamb Weston during the 1st quarter worth approximately $2,754,000. Daiwa Securities Group Inc. lifted its holdings in Lamb Weston by 10.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,253 shares of the specialty retailer’s stock worth $1,518,000 after buying an additional 1,369 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Lamb Weston by 4.7% during the 1st quarter. Nordea Investment Management AB now owns 11,208 shares of the specialty retailer’s stock worth $1,200,000 after buying an additional 506 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Lamb Weston stock traded down $3.62 during midday trading on Tuesday, hitting $76.86. 3,452,612 shares of the company’s stock were exchanged, compared to its average volume of 2,133,181. Lamb Weston Holdings, Inc. has a 12-month low of $76.85 and a 12-month high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The firm’s 50 day simple moving average is $85.18 and its 200 day simple moving average is $94.54.

Wall Street Analyst Weigh In

LW has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. BNP Paribas initiated coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective on the stock. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Bank of America reduced their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Company 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.