Pacer Advisors Inc. raised its position in Lamb Weston Holdings Inc. (NYSE:LW) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,309 shares of the specialty retailer’s stock after buying an additional 1,708 shares during the period. Pacer Advisors Inc.’s holdings in Lamb Weston Holdings were worth $1,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LW. First Mercantile Trust Co. purchased a new position in Lamb Weston Holdings during the second quarter worth about $137,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in 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 during the period. Transamerica Financial Advisors Inc. increased its position in 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 worth $162,000 after buying an additional 26 shares during the period. State of Alaska Department of Revenue purchased a new position in Lamb Weston Holdings during the second quarter worth about $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Lamb Weston Holdings during the first quarter worth about $170,000. 79.78% of the stock is owned by institutional investors.

Shares of Lamb Weston Holdings Inc. (NYSE LW) opened at 44.88 on Tuesday. Lamb Weston Holdings Inc. has a 12-month low of $28.75 and a 12-month high of $49.94. The company has a market capitalization of $6.56 billion and a P/E ratio of 20.22. The company has a 50-day moving average price of $44.35 and a 200 day moving average price of $43.19.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly 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 business had revenue of $833 million for the quarter, compared to analysts’ expectations of $810.85 million. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, equities analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, August 2nd.

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LW has been the subject of a number of research reports. Zacks Investment Research downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Morgan Stanley restated an “equal weight” rating and set a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Bank of America Corporation raised their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 10th. Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their price target for the company from $42.00 to $44.00 in a report on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “buy” rating and set a $50.00 price target on shares of Lamb Weston Holdings in a report on Tuesday, May 9th. 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. The company presently has an average rating of “Buy” and a consensus target price 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.

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

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