Eaton Vance Management Has $4.48 Million Holdings in Lamb Weston Holdings Inc. (LW)
Eaton Vance Management trimmed its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,648 shares of the specialty retailer’s stock after selling 456 shares during the quarter. Eaton Vance Management owned approximately 0.07% of Lamb Weston Holdings worth $4,477,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in shares of Lamb Weston Holdings in the second quarter valued at approximately $106,000. First Mercantile Trust Co. acquired a new stake in shares of Lamb Weston Holdings in the second quarter valued at approximately $137,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position 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 valued at $142,000 after buying an additional 2,100 shares during the last quarter. IndexIQ Advisors LLC acquired a new stake in shares of Lamb Weston Holdings in the second quarter valued at approximately $149,000. Finally, Transamerica Financial Advisors Inc. lifted 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 last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.
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Shares of Lamb Weston Holdings Inc. (LW) opened at 46.39 on Friday. The stock has a 50 day moving average price of $44.97 and a 200-day moving average price of $43.81. Lamb Weston Holdings Inc. has a 52-week low of $29.62 and a 52-week high of $49.94. The firm has a market capitalization of $6.78 billion and a PE ratio of 20.90.
Lamb Weston Holdings (NYSE:LW) last released its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $833.00 million during the quarter, compared to the consensus estimate of $810.85 million. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. Equities analysts forecast that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Wednesday, August 2nd.
A number of analysts have recently issued reports on LW shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. CL King started coverage on Lamb Weston Holdings in a research report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 price objective for the company. Zacks Investment Research cut Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Stifel Nicolaus cut Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their price objective for the company from $42.00 to $44.00 in a research report on Tuesday, July 4th. Finally, Bank of America Corporation raised their price objective on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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.
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