Bank of Montreal Can lowered its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 6.7% during the second quarter, Holdings Channel reports. The institutional investor owned 50,634 shares of the specialty retailer’s stock after selling 3,609 shares during the period. Bank of Montreal Can’s holdings in Lamb Weston Holdings were worth $2,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 2,100 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its position in shares of Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 26 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Lamb Weston Holdings during the first quarter valued at $170,000. Glen Harbor Capital Management LLC boosted its position in shares of Lamb Weston Holdings by 6,120.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,976 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 4,896 shares in the last quarter. Finally, Global Thematic Partners LLC bought a new position in shares of Lamb Weston Holdings during the first quarter valued at $242,000. Institutional investors and hedge funds own 77.26% of the company’s stock.

Lamb Weston Holdings Inc. (LW) traded up 1.06% on Friday, reaching $44.81. The company had a trading volume of 452,938 shares. The stock has a market capitalization of $6.55 billion and a PE ratio of 20.18. Lamb Weston Holdings Inc. has a 52-week low of $29.62 and a 52-week high of $49.94. The stock has a 50 day moving average price of $44.09 and a 200 day moving average price of $42.64.

Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $833 million for the quarter, compared to analyst estimates of $810.85 million. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 dividend on an annualized basis and a yield of 1.67%.

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Several brokerages have recently weighed in on LW. Zacks Investment Research cut Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Lamb Weston Holdings in a report on Friday, May 19th. Berenberg Bank started coverage on Lamb Weston Holdings in a report on Tuesday, May 16th. They issued a “buy” rating and a $49.00 price objective on the stock. CL King started coverage on Lamb Weston Holdings in a report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 price objective on the stock. Finally, Stifel Nicolaus cut Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their price objective for the company 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average 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.

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

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