Prudential Financial Inc. raised its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065,420 shares of the specialty retailer’s stock after buying an additional 111,876 shares during the period. Prudential Financial Inc. owned about 0.73% of Lamb Weston Holdings worth $46,922,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Blair William & Co. IL boosted its position in shares of Lamb Weston Holdings by 0.3% in the second quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 21 shares during the period. 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 during the period. Bollard Group LLC boosted its position in shares of Lamb Weston Holdings by 0.3% in the second quarter. Bollard Group LLC now owns 25,163 shares of the specialty retailer’s stock valued at $1,108,000 after buying an additional 75 shares during the period. Bessemer Group Inc. boosted 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. Finally, Teacher Retirement System of Texas boosted its position in shares of Lamb Weston Holdings by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 11,069 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 193 shares during the period. 79.78% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Holdings Inc. (NYSE LW) opened at 45.07 on Wednesday. The stock’s 50 day moving average is $44.35 and its 200 day moving average is $43.19. Lamb Weston Holdings Inc. has a 12-month low of $28.75 and a 12-month high of $49.94. The stock has a market capitalization of $6.58 billion and a PE ratio of 20.30.

Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $833 million during the quarter, compared to analyst estimates of $810.85 million. Lamb Weston Holdings’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. Equities analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.

The company also recently disclosed 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 1.66%. The ex-dividend date of this dividend is Wednesday, August 2nd.

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Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Tuesday, June 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 target price (up from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. CL King assumed coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Lamb Weston Holdings in a report on Friday, May 19th. Finally, Stifel Nicolaus cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their target price for the stock from $42.00 to $44.00 in a 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. The company presently has an average rating of “Buy” and an average price target of $46.22.

Lamb Weston Holdings Company Profile

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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