Lamb Weston Holdings Inc. (LW) Position Maintained by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. continued to hold its stake in shares of Lamb Weston Holdings Inc. (NYSE:LW) during the second quarter, Holdings Channel reports. The fund owned 10,927 shares of the specialty retailer’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Lamb Weston Holdings were worth $481,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake 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 worth $142,000 after buying an additional 2,100 shares in the last quarter. Transamerica Financial Advisors Inc. raised 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 during the period. State of Alaska Department of Revenue bought a new position in shares of Lamb Weston Holdings during the second quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Lamb Weston Holdings during the first quarter valued at $170,000. Finally, Bessemer Group Inc. raised its position in shares of Lamb Weston Holdings by 3.4% in the second quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 145 shares during the period. 77.05% of the stock is owned by hedge funds and other institutional investors.
Lamb Weston Holdings Inc. (NYSE:LW) opened at 45.02 on Wednesday. Lamb Weston Holdings Inc. has a 52 week low of $28.75 and a 52 week high of $49.94. The firm’s 50-day moving average is $44.06 and its 200 day moving average is $42.85. The stock has a market cap of $6.58 billion and a price-to-earnings ratio of 20.28.
Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings results 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 business had revenue of $833 million during the quarter, compared to analysts’ expectations of $810.85 million. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. On average, equities research analysts expect that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, August 2nd.
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LW has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 target price (up previously from $50.00) on shares of Lamb Weston Holdings in a research note on Friday, May 19th. Berenberg Bank initiated coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 16th. They set a “buy” rating and a $49.00 target price for the company. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, July 12th. Bank of America Corporation increased their target price on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Four investment 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 company. Lamb Weston Holdings 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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