Lamb Weston Holdings Inc. (LW) Shares Sold by American Century Companies Inc.
American Century Companies Inc. reduced its position in Lamb Weston Holdings Inc. (NYSE:LW) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 941,297 shares of the specialty retailer’s stock after selling 59,931 shares during the period. American Century Companies Inc. owned approximately 0.64% of Lamb Weston Holdings worth $41,455,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in LW. BlackRock Inc. increased its stake in 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. FMR LLC increased its stake in 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. Ruffer LLP purchased a new stake in Lamb Weston Holdings during the first quarter worth $106,030,000. Kensico Capital Management Corp purchased a new stake in Lamb Weston Holdings during the first quarter worth $82,900,000. Finally, Wells Fargo & Company MN increased its stake in Lamb Weston Holdings by 44.8% in the first quarter. Wells Fargo & Company MN now owns 1,924,511 shares of the specialty retailer’s stock worth $80,946,000 after buying an additional 595,283 shares during the period. Hedge funds and other institutional investors own 79.78% of the company’s stock.
Shares of Lamb Weston Holdings Inc. (LW) opened at 45.17 on Thursday. The stock’s 50 day moving average price is $44.35 and its 200-day moving average price is $43.19. Lamb Weston Holdings Inc. has a 12 month low of $28.75 and a 12 month high of $49.94. The firm has a market cap of $6.60 billion and a P/E ratio of 20.35.
Lamb Weston Holdings (NYSE:LW) last issued its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $833 million for the quarter, compared to the consensus estimate of $810.85 million. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Equities research analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, August 2nd.
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A number of equities research analysts have recently commented on LW shares. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Lamb Weston Holdings in a research report on Tuesday, May 9th. Berenberg Bank started coverage on Lamb Weston Holdings in a research report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price objective for the company. CL King started coverage on Lamb Weston Holdings in a research report on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 price objective for the company. Zacks Investment Research downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their price objective for the company from $42.00 to $44.00 in a research report on Tuesday, July 4th. Four investment 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’s stock. The stock has a consensus 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.
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