Baird Financial Group Inc. lifted its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 22.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 722,280 shares of the specialty retailer’s stock after acquiring an additional 131,132 shares during the period. Baird Financial Group Inc. owned 0.49% of Lamb Weston worth $49,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Asset Management Inc. raised its holdings in Lamb Weston by 4.8% in the 2nd quarter. Rothschild Asset Management Inc. now owns 413,922 shares of the specialty retailer’s stock valued at $28,358,000 after buying an additional 19,102 shares during the period. Canada Pension Plan Investment Board raised its holdings in Lamb Weston by 223.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 492,810 shares of the specialty retailer’s stock valued at $33,762,000 after buying an additional 340,600 shares during the period. Nisa Investment Advisors LLC raised its holdings in Lamb Weston by 1.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 66,236 shares of the specialty retailer’s stock valued at $4,538,000 after buying an additional 902 shares during the period. GSA Capital Partners LLP raised its holdings in Lamb Weston by 29.7% in the 1st quarter. GSA Capital Partners LLP now owns 37,078 shares of the specialty retailer’s stock valued at $2,159,000 after buying an additional 8,494 shares during the period. Finally, Sei Investments Co. raised its holdings in Lamb Weston by 16.0% in the 2nd quarter. Sei Investments Co. now owns 309,836 shares of the specialty retailer’s stock valued at $21,228,000 after buying an additional 42,721 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Shares of NYSE:LW opened at $67.17 on Wednesday. The company has a debt-to-equity ratio of -6.98, a quick ratio of 0.73 and a current ratio of 1.79. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.09 and a beta of 0.31. Lamb Weston Holdings Inc has a 1 year low of $44.92 and a 1 year high of $73.19.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $918.20 million for the quarter, compared to analyst estimates of $885.67 million. Lamb Weston had a net margin of 12.16% and a negative return on equity of 85.84%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. analysts anticipate that Lamb Weston Holdings Inc will post 2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 3rd were paid a dividend of $0.1913 per share. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $0.77 dividend on an annualized basis and a yield of 1.14%. Lamb Weston’s dividend payout ratio (DPR) is presently 28.57%.

Several analysts recently issued reports on LW shares. Jefferies Financial Group boosted their price objective on shares of Lamb Weston from $71.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Vertical Group started coverage on shares of Lamb Weston in a report on Tuesday, May 22nd. They issued a “sell” rating and a $56.00 price objective on the stock. Zacks Investment Research lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Vertical Research assumed coverage on shares of Lamb Weston in a research note on Monday, May 21st. They set a “sell” rating on the stock. Finally, Bank of America boosted their price target on shares of Lamb Weston from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Lamb Weston presently has an average rating of “Hold” and an average price target of $68.33.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Read More: Outstanding Shares and The Effect on Share Price

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

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