Stifel Financial Corp reduced its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 17.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,709 shares of the specialty retailer’s stock after selling 21,678 shares during the quarter. Stifel Financial Corp owned about 0.07% of Lamb Weston Holdings worth $4,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. raised its stake 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 valued at $46,922,000 after purchasing an additional 111,876 shares in the last quarter. Soros Fund Management LLC raised its stake in Lamb Weston Holdings by 11.7% in the first quarter. Soros Fund Management LLC now owns 326,999 shares of the specialty retailer’s stock valued at $13,754,000 after purchasing an additional 34,200 shares in the last quarter. GAM Holding AG raised its stake in Lamb Weston Holdings by 7.2% in the second quarter. GAM Holding AG now owns 58,159 shares of the specialty retailer’s stock valued at $2,561,000 after purchasing an additional 3,916 shares in the last quarter. Evercore Wealth Management LLC raised its stake in Lamb Weston Holdings by 12.5% in the second quarter. Evercore Wealth Management LLC now owns 842,035 shares of the specialty retailer’s stock valued at $37,083,000 after purchasing an additional 93,852 shares in the last quarter. Finally, Family Legacy Inc. raised its stake in Lamb Weston Holdings by 3.3% in the second quarter. Family Legacy Inc. now owns 7,719 shares of the specialty retailer’s stock valued at $340,000 after purchasing an additional 250 shares in the last quarter. 79.78% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages recently weighed in on LW. Jefferies Group LLC reaffirmed a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of Lamb Weston Holdings in a research note on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up from $46.00) on shares of Lamb Weston Holdings in a research note on Thursday. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday. Bank of America Corporation raised their target price on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Lamb Weston Holdings presently has an average rating of “Buy” and an average price target of $47.89.

Lamb Weston Holdings Inc. (NYSE:LW) opened at 49.13 on Monday. The stock has a market capitalization of $7.18 billion and a P/E ratio of 21.93. Lamb Weston Holdings Inc. has a 1-year low of $28.75 and a 1-year high of $49.94. The firm’s 50 day moving average is $46.08 and its 200 day moving average is $44.41.

Lamb Weston Holdings (NYSE:LW) last posted its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Lamb Weston Holdings Inc. will post $2.35 earnings per share for the current year.

The company also recently announced 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. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.53%. Lamb Weston Holdings’s dividend payout ratio is currently 33.63%.

About Lamb Weston Holdings

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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