Lamb Weston Holdings Inc. (LW) Position Raised by TPG Group Holdings SBS Advisors Inc.
TPG Group Holdings SBS Advisors Inc. lifted its stake in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 11.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 775,176 shares of the specialty retailer’s stock after purchasing an additional 77,783 shares during the quarter. Lamb Weston Holdings comprises about 0.5% of TPG Group Holdings SBS Advisors Inc.’s investment portfolio, making the stock its 26th largest holding. TPG Group Holdings SBS Advisors Inc. owned 0.53% of Lamb Weston Holdings worth $34,139,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of LW. Prudential Financial Inc. lifted its holdings in Lamb Weston Holdings by 11.7% in the second quarter. Prudential Financial Inc. now owns 1,065,420 shares of the specialty retailer’s stock worth $46,922,000 after purchasing an additional 111,876 shares during the period. Soros Fund Management LLC increased its stake in Lamb Weston Holdings by 11.7% during the 1st quarter. Soros Fund Management LLC now owns 326,999 shares of the specialty retailer’s stock valued at $13,754,000 after buying an additional 34,200 shares during the period. GAM Holding AG increased its stake in Lamb Weston Holdings by 7.2% during the 2nd quarter. GAM Holding AG now owns 58,159 shares of the specialty retailer’s stock valued at $2,561,000 after buying an additional 3,916 shares during the period. Family Legacy Inc. increased its stake in Lamb Weston Holdings by 3.3% during the 2nd quarter. Family Legacy Inc. now owns 7,719 shares of the specialty retailer’s stock valued at $340,000 after buying an additional 250 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Lamb Weston Holdings by 491.3% during the 1st quarter. Point72 Asset Management L.P. now owns 156,100 shares of the specialty retailer’s stock valued at $6,566,000 after buying an additional 129,700 shares during the period. Institutional investors and hedge funds own 79.78% of the company’s stock.
Lamb Weston Holdings Inc. (NYSE LW) traded down 0.42% on Tuesday, reaching $47.34. The company had a trading volume of 511,367 shares. Lamb Weston Holdings Inc. has a 12 month low of $29.62 and a 12 month high of $49.94. The company has a market capitalization of $6.92 billion and a price-to-earnings ratio of 21.32. The company’s 50 day moving average price is $45.71 and its 200-day moving average price is $44.27.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating the Thomson Reuters’ 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 company earned $0.29 earnings per share. Lamb Weston Holdings’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, November 2nd.
LW has been the topic of a number of recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $53.00 price target on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Zacks Investment Research lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note 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. 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. Finally, Stifel Nicolaus lowered shares of 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 note on Tuesday, July 4th. Four 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. The company currently has an average rating of “Buy” and an average price target of $46.22.
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Lamb Weston Holdings 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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