Pacer Advisors Inc. Purchases 4,900 Shares of Lamb Weston Holdings Inc (NYSE:LW)

Pacer Advisors Inc. boosted its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 34.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,931 shares of the specialty retailer’s stock after buying an additional 4,900 shares during the quarter. Pacer Advisors Inc.’s holdings in Lamb Weston were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LW. Oakbrook Investments LLC increased its position in Lamb Weston by 2.3% during the 2nd quarter. Oakbrook Investments LLC now owns 6,666 shares of the specialty retailer’s stock valued at $422,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC increased its position in Lamb Weston by 3.2% during the 2nd quarter. Advisory Services Network LLC now owns 4,880 shares of the specialty retailer’s stock valued at $309,000 after purchasing an additional 151 shares during the period. Clark Capital Management Group Inc. increased its position in Lamb Weston by 2.1% during the 2nd quarter. Clark Capital Management Group Inc. now owns 8,374 shares of the specialty retailer’s stock valued at $531,000 after purchasing an additional 175 shares during the period. Bessemer Group Inc. increased its position in Lamb Weston by 2.9% during the 2nd quarter. Bessemer Group Inc. now owns 6,367 shares of the specialty retailer’s stock valued at $403,000 after purchasing an additional 180 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Lamb Weston by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,717 shares of the specialty retailer’s stock valued at $953,000 after purchasing an additional 191 shares during the period. Institutional investors own 87.75% of the company’s stock.

A number of research analysts have issued reports on LW shares. Zacks Investment Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. started coverage on shares of Lamb Weston in a research report on Monday, June 17th. They set a “neutral” rating and a $65.00 price objective on the stock. Finally, Goldman Sachs Group raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Wednesday, June 19th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.71.



Shares of NYSE:LW traded up $0.46 during midday trading on Friday, reaching $72.41. The company’s stock had a trading volume of 6,306 shares, compared to its average volume of 751,882. The firm has a 50 day moving average of $68.18 and a 200-day moving average of $67.32. The firm has a market capitalization of $10.56 billion, a P/E ratio of 22.52, a PEG ratio of 2.73 and a beta of 0.17. Lamb Weston Holdings Inc has a 12-month low of $58.83 and a 12-month high of $83.86.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, July 23rd. The specialty retailer reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $972.49 million. Lamb Weston had a net margin of 12.48% and a negative return on equity of 402.03%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. As a group, analysts predict that Lamb Weston Holdings Inc will post 3.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 1st. Lamb Weston’s dividend payout ratio is presently 24.84%.

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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