IFP Advisors Inc cut its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,327 shares of the specialty retailer’s stock after selling 174 shares during the period. IFP Advisors Inc’s holdings in Lamb Weston Holdings were worth $1,732,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Thematic Partners LLC purchased a new position in Lamb Weston Holdings during the first quarter valued at $242,000. Boys Arnold & Co. Inc. purchased a new position in Lamb Weston Holdings during the first quarter valued at $392,000. Bollard Group LLC increased its position in Lamb Weston Holdings by 6.4% in the first quarter. Bollard Group LLC now owns 25,088 shares of the specialty retailer’s stock valued at $1,055,000 after buying an additional 1,508 shares during the period. Hartford Investment Management Co. purchased a new position in Lamb Weston Holdings during the first quarter valued at $249,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Lamb Weston Holdings during the first quarter valued at $1,784,000. 77.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lamb Weston Holdings Inc. (LW) traded down 0.40% on Friday, reaching $45.19. 386,055 shares of the company were exchanged. The stock has a 50 day moving average price of $44.08 and a 200-day moving average price of $42.88. The stock has a market capitalization of $6.61 billion and a P/E ratio of 20.36. Lamb Weston Holdings Inc. has a 12 month low of $28.75 and a 12 month high of $49.94.
Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $833 million for the quarter, compared to analyst estimates of $810.85 million. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities analysts expect that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.75 annualized dividend and a yield of 1.65%.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Tuesday, June 6th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 target price (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. CL King assumed coverage on shares of Lamb Weston Holdings in a research report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their target price for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.22.
Lamb Weston Holdings Company Profile
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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