BlueCrest Capital Management Ltd raised its position in Lamb Weston Holdings Inc. (NYSE:LW) by 602.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,825 shares of the specialty retailer’s stock after purchasing an additional 35,011 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Lamb Weston Holdings were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in LW. BlackRock Inc. increased its stake in shares of 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 valued at $488,434,000 after purchasing an additional 11,493,214 shares during the period. Janus Henderson Group PLC increased its stake in shares of Lamb Weston Holdings by 33,787.6% in the second quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock valued at $117,856,000 after purchasing an additional 2,668,204 shares during the period. Kensico Capital Management Corp acquired a new stake in shares of Lamb Weston Holdings in the first quarter valued at approximately $82,900,000. FMR LLC increased its stake in shares of Lamb Weston Holdings by 126.3% in the first quarter. FMR LLC now owns 3,331,242 shares of the specialty retailer’s stock valued at $140,112,000 after purchasing an additional 1,859,263 shares during the period. Finally, Blue Ridge Capital L.L.C. acquired a new stake in shares of Lamb Weston Holdings in the first quarter valued at approximately $75,708,000. Institutional investors own 79.78% of the company’s stock.
LW has been the subject of several recent analyst reports. Bank of America Corporation increased their price objective on shares of 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 cut shares of 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 report on Tuesday, July 4th. Zacks Investment Research cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 price objective (up from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of Lamb Weston Holdings in a report on Monday, September 25th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lamb Weston Holdings has an average rating of “Buy” and an average price target of $47.89.
Lamb Weston Holdings Inc. (NYSE LW) traded up 0.10% on Thursday, hitting $49.42. 9,624 shares of the stock traded hands. The stock has a market cap of $7.23 billion and a P/E ratio of 22.06. Lamb Weston Holdings Inc. has a 12-month low of $28.75 and a 12-month high of $49.94. The stock has a 50-day moving average price of $46.39 and a 200 day moving average price of $44.56.
Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The company had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Lamb Weston Holdings Inc. will post $2.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio is 33.63%.
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.
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