Renaissance Technologies LLC bought a new position in Lamb Weston Holdings Inc. (NYSE:LW) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 81,800 shares of the specialty retailer’s stock, valued at approximately $3,441,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Telemus Capital LLC bought a new position in Lamb Weston Holdings during the first quarter worth $2,976,000. Ruffer LLP bought a new position in Lamb Weston Holdings during the first quarter worth $106,030,000. Bollard Group LLC raised 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 worth $1,055,000 after buying an additional 1,508 shares during the period. Dimensional Fund Advisors LP bought a new position in Lamb Weston Holdings during the fourth quarter worth $10,547,000. Finally, Global Thematic Partners LLC bought a new position in Lamb Weston Holdings during the first quarter worth $242,000. 77.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lamb Weston Holdings Inc. (NYSE:LW) traded up 0.11% during midday trading on Friday, reaching $44.39. The company’s stock had a trading volume of 40,188 shares. The stock has a 50-day moving average of $44.11 and a 200 day moving average of $42.59. Lamb Weston Holdings Inc. has a 12 month low of $29.62 and a 12 month high of $49.94. The company has a market cap of $6.48 billion and a price-to-earnings ratio of 20.00.
Lamb Weston Holdings (NYSE:LW) last announced its quarterly 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 business had revenue of $833 million during the quarter, compared to the consensus estimate of $810.85 million. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. On average, analysts predict that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be given a dividend of $0.1875 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.75 annualized dividend and a dividend yield of 1.69%.
LW has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Berenberg Bank initiated coverage on Lamb Weston Holdings in a research report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price objective for the company. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, July 12th. Bank of America Corporation raised their price objective on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating and set a $46.00 price objective (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Lamb Weston Holdings currently has a consensus rating of “Buy” and a consensus price target 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.
Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings Inc. (NYSE:LW).
What are top analysts saying about Lamb Weston Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lamb Weston Holdings Inc. and related companies.