Lamb Weston Holdings Inc. (LW) Shares Bought by Credit Agricole S A

Credit Agricole S A boosted its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 87.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,721 shares of the specialty retailer’s stock after buying an additional 25,473 shares during the period. Credit Agricole S A’s holdings in Lamb Weston Holdings were worth $2,302,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management AG purchased a new stake in Lamb Weston Holdings during the fourth quarter worth $329,000. Telemus Capital LLC bought a new position in shares of Lamb Weston Holdings during the first quarter valued at $2,976,000. Janus Capital Management LLC bought a new position in shares of Lamb Weston Holdings during the fourth quarter valued at $5,743,000. Auxier Asset Management bought a new position in shares of Lamb Weston Holdings during the fourth quarter valued at $1,312,000. Finally, FMR LLC bought a new position in shares of Lamb Weston Holdings during the fourth quarter valued at $55,714,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Lamb Weston Holdings (NYSE:LW)

Lamb Weston Holdings Inc. (LW) traded up 0.53% during trading on Tuesday, reaching $45.79. 46,896 shares of the company traded hands. The company’s 50-day moving average is $44.45 and its 200 day moving average is $40.59. The company has a market cap of $6.69 billion and a PE ratio of 22.57. Lamb Weston Holdings Inc. has a 12 month low of $28.75 and a 12 month high of $47.99.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $768.50 million for the quarter, compared to analyst estimates of $759.74 million. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Sunday, April 30th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, April 26th.

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A number of research analysts have recently issued reports 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 price target on the stock. in a research report on Tuesday, June 6th. CL King started 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 price objective on the stock. Jefferies Group LLC restated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Berenberg Bank started coverage on shares of Lamb Weston Holdings in a research report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target on the stock. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their price target for the stock from $42.00 to $44.00 in a research report on Friday, April 7th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $43.56.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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