Main Street Research LLC decreased its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,375 shares of the specialty retailer’s stock after selling 4,728 shares during the period. Main Street Research LLC’s holdings in Lamb Weston Holdings were worth $2,791,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of LW. BlackRock Inc. boosted its position in Lamb Weston Holdings by 9,609.1% in the first quarter. BlackRock Inc. now owns 11,612,822 shares of the specialty retailer’s stock worth $488,434,000 after buying an additional 11,493,214 shares during the period. Ruffer LLP bought a new position in Lamb Weston Holdings during the first quarter worth approximately $106,030,000. Kensico Capital Management Corp bought a new position in Lamb Weston Holdings during the first quarter worth approximately $82,900,000. FMR LLC boosted its position in Lamb Weston Holdings by 126.3% in the first quarter. FMR LLC now owns 3,331,242 shares of the specialty retailer’s stock worth $140,112,000 after buying an additional 1,859,263 shares during the period. Finally, Blue Ridge Capital L.L.C. bought a new position in Lamb Weston Holdings during the first quarter worth approximately $75,708,000. 78.02% of the stock is owned by institutional investors and hedge funds.
Shares of Lamb Weston Holdings Inc. (NYSE:LW) traded up 0.34% on Tuesday, reaching $44.14. 336,778 shares of the company were exchanged. The stock’s 50-day moving average is $45.29 and its 200 day moving average is $41.12. Lamb Weston Holdings Inc. has a 12-month low of $28.75 and a 12-month high of $47.99. The firm has a market capitalization of $6.45 billion and a PE ratio of 21.75.
LW has been the subject of a number of research reports. Zacks Investment Research cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Bank of America Corporation increased their target price on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 target price on shares of Lamb Weston Holdings in a report on Tuesday, April 18th. Stifel Nicolaus cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their target price for the stock from $42.00 to $44.00 in a report on Tuesday, July 4th. Finally, CL King initiated coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 target price for the company. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $44.67.
About Lamb Weston Holdings
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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