$50 Million Still at Stake as Manager Cuts Exposure to Volatile Food Stock Down 28% This Past Year
The Motley Fool
Douglas Lane & Associates sold 65,461 shares of Lamb Weston Holdings in Q4, reducing its position to 1.2 million shares valued at $50.85 million. The stock has declined 28% over the past year, underperforming the S&P 500 by over 40 percentage points. Despite recent operational improvements including positive earnings swings and dividend increases, the market remains unforgiving due to pricing pressures and customer concessions.
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