Lamb Weston Holdings Inc. (LW) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,740 shares of the specialty retailer’s stock after selling 368 shares during the quarter. Private Advisor Group LLC’s holdings in Lamb Weston Holdings were worth $930,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Schroder Investment Management Group acquired a new position in shares of Lamb Weston Holdings during the second quarter valued at approximately $106,000. Swiss National Bank raised its holdings in shares of Lamb Weston Holdings by 0.9% during the second quarter. Swiss National Bank now owns 231,133 shares of the specialty retailer’s stock valued at $10,179,000 after acquiring an additional 2,100 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in shares of Lamb Weston Holdings by 427.4% during the second quarter. Chicago Equity Partners LLC now owns 67,739 shares of the specialty retailer’s stock valued at $2,983,000 after acquiring an additional 54,895 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Lamb Weston Holdings by 3.1% during the second quarter. Principal Financial Group Inc. now owns 592,462 shares of the specialty retailer’s stock valued at $26,092,000 after acquiring an additional 17,782 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Lamb Weston Holdings during the second quarter valued at approximately $149,000. 79.78% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research report on Tuesday, June 6th. Morgan Stanley restated an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. CL King assumed coverage on Lamb Weston Holdings in a research report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 price target for the company. Jefferies Group LLC restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Finally, Stifel Nicolaus lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their price target for the company from $42.00 to $44.00 in a research report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.22.

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Shares of Lamb Weston Holdings Inc. (NYSE:LW) opened at 45.63 on Tuesday. The stock has a 50 day moving average price of $44.77 and a 200-day moving average price of $43.57. Lamb Weston Holdings Inc. has a 52-week low of $28.75 and a 52-week high of $49.94. The stock has a market capitalization of $6.67 billion and a price-to-earnings ratio of 20.55.

Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were given a dividend of $0.1875 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $0.75 annualized dividend and a dividend yield of 1.64%.

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

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