Oregon Public Employees Retirement Fund raised its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,767 shares of the specialty retailer’s stock after buying an additional 2,120 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lamb Weston Holdings were worth $2,236,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after buying an additional 2,100 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its position in shares of Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock worth $162,000 after buying an additional 26 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Lamb Weston Holdings during the first quarter worth approximately $170,000. State of Alaska Department of Revenue purchased a new position in shares of Lamb Weston Holdings during the second quarter worth approximately $175,000. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Lamb Weston Holdings by 6,120.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,976 shares of the specialty retailer’s stock worth $209,000 after buying an additional 4,896 shares during the last quarter. 77.92% of the stock is currently owned by hedge funds and other institutional investors.
Lamb Weston Holdings Inc. (NYSE LW) opened at 44.28 on Thursday. Lamb Weston Holdings Inc. has a 12 month low of $28.75 and a 12 month high of $47.99. The company’s 50-day moving average price is $44.75 and its 200 day moving average price is $42.12. The company has a market capitalization of $6.47 billion and a price-to-earnings ratio of 21.82.
Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $833 million during the quarter, compared to analysts’ expectations of $810.85 million. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Analysts forecast 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. Investors of record on Friday, August 4th will be given a $0.1875 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.75 annualized dividend and a yield of 1.69%.
A number of research analysts have recently commented on LW shares. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, May 26th. Bank of America Corporation increased their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a research note on Friday, May 19th. Berenberg Bank started coverage on Lamb Weston Holdings in a research note on Tuesday, May 16th. They issued a “buy” rating and a $49.00 price target for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday. Three investment 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.22.
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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