Lamb Weston Holdings Inc (LW) Holdings Lifted by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 31.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,983 shares of the specialty retailer’s stock after buying an additional 1,666 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Lamb Weston were worth $465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Asset Management Inc. increased its position in shares of Lamb Weston by 4.8% during the second quarter. Rothschild Asset Management Inc. now owns 413,922 shares of the specialty retailer’s stock valued at $28,358,000 after purchasing an additional 19,102 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Lamb Weston by 223.8% during the second quarter. Canada Pension Plan Investment Board now owns 492,810 shares of the specialty retailer’s stock valued at $33,762,000 after purchasing an additional 340,600 shares during the period. Russell Investments Group Ltd. increased its position in shares of Lamb Weston by 117.4% during the second quarter. Russell Investments Group Ltd. now owns 88,409 shares of the specialty retailer’s stock valued at $6,061,000 after purchasing an additional 47,737 shares during the period. Sei Investments Co. increased its position in shares of Lamb Weston by 16.0% during the second quarter. Sei Investments Co. now owns 309,836 shares of the specialty retailer’s stock valued at $21,228,000 after purchasing an additional 42,721 shares during the period. Finally, Fort L.P. bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $124,000. 79.97% of the stock is currently owned by institutional investors.

LW has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on Lamb Weston from $68.00 to $74.00 and gave the company a “hold” rating in a research report on Wednesday, October 3rd. Jefferies Financial Group upped their price target on Lamb Weston from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research cut Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, July 6th. ValuEngine upgraded Lamb Weston from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, CL King cut Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Lamb Weston has an average rating of “Hold” and a consensus price target of $72.00.



Shares of NYSE:LW opened at $76.79 on Wednesday. Lamb Weston Holdings Inc has a fifty-two week low of $50.40 and a fifty-two week high of $79.97. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.36 and a beta of 0.34.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The firm had revenue of $914.90 million for the quarter, compared to analysts’ expectations of $879.68 million. During the same period in the prior year, the business posted $0.57 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Lamb Weston Holdings Inc will post 2.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be given a $0.191 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is 28.57%.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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