Advisor Partners LLC bought a new position in Lamb Weston Holdings Inc. (NYSE:LW) during the second quarter, Holdings Channel reports. The firm bought 5,454 shares of the specialty retailer’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Lamb Weston Holdings by 9,609.1% in the first quarter. BlackRock Inc. now owns 11,612,822 shares of the specialty retailer’s stock worth $488,434,000 after buying an additional 11,493,214 shares during the period. Ruffer LLP purchased a new stake in shares of Lamb Weston Holdings during the first quarter worth $106,030,000. Kensico Capital Management Corp purchased a new stake in shares of Lamb Weston Holdings during the first quarter worth $82,900,000. FMR LLC increased its stake in shares of Lamb Weston Holdings by 126.3% in the first quarter. FMR LLC now owns 3,331,242 shares of the specialty retailer’s stock worth $140,112,000 after buying an additional 1,859,263 shares during the period. Finally, Blue Ridge Capital L.L.C. purchased a new stake in shares of Lamb Weston Holdings during the first quarter worth $75,708,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Lamb Weston Holdings Inc. (NYSE:LW) opened at 44.81 on Friday. The company has a 50-day moving average of $44.09 and a 200 day moving average of $42.64. Lamb Weston Holdings Inc. has a 52 week low of $29.62 and a 52 week high of $49.94. The company has a market cap of $6.55 billion and a P/E ratio of 20.18.

Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $833 million for the quarter, compared to analysts’ expectations of $810.85 million. Lamb Weston Holdings’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. On average, equities 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. Shareholders of record on Friday, August 4th will be given 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 1.67%.

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A number of analysts have recently weighed in on LW shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Lamb Weston Holdings in a report on Tuesday, April 18th. Berenberg Bank started coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target for the company. CL King started coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 price target for the company. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their price target for the stock from $42.00 to $44.00 in a report on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target 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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Institutional Ownership by Quarter for Lamb Weston Holdings (NYSE:LW)

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