PNC Financial Services Group Inc. cut its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,808 shares of the specialty retailer’s stock after selling 4,732 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lamb Weston Holdings were worth $2,502,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Schroder Investment Management Group purchased a new position in shares of Lamb Weston Holdings in the 2nd quarter valued at approximately $106,000. First Mercantile Trust Co. bought a new stake in shares of Lamb Weston Holdings during the second quarter valued at approximately $137,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Lamb Weston Holdings by 165.9% during 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 purchasing an additional 2,100 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Lamb Weston Holdings during the second quarter valued at approximately $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Lamb Weston Holdings in the first quarter worth $170,000. 79.78% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on LW. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target on shares of Lamb Weston Holdings in a research note on Monday, September 25th. Zacks Investment Research lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Bank of America Corporation boosted their target price 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. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their target price for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Lamb Weston Holdings presently has an average rating of “Buy” and a consensus price target of $46.22.

Shares of Lamb Weston Holdings Inc. (NYSE LW) opened at 46.89 on Monday. Lamb Weston Holdings Inc. has a 12 month low of $29.62 and a 12 month high of $49.94. The stock has a 50 day moving average price of $45.11 and a 200-day moving average price of $43.96. The company has a market capitalization of $6.85 billion and a PE ratio of 21.12.

Lamb Weston Holdings (NYSE:LW) last announced 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 company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $810.85 million. During the same period last year, the business posted $0.29 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.

The business 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 $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 2nd.

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

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