Two Creeks Capital Management LP Cuts Stake in Lamb Weston Holdings Inc (NYSE:LW)

Two Creeks Capital Management LP lowered its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 36.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 845,784 shares of the specialty retailer’s stock after selling 491,186 shares during the quarter. Lamb Weston accounts for 3.3% of Two Creeks Capital Management LP’s investment portfolio, making the stock its 13th largest holding. Two Creeks Capital Management LP’s holdings in Lamb Weston were worth $53,589,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oakbrook Investments LLC raised 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 worth $422,000 after buying an additional 150 shares during the last quarter. Advisory Services Network LLC raised 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 worth $309,000 after buying an additional 151 shares during the last quarter. Clark Capital Management Group Inc. raised 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 worth $531,000 after buying an additional 175 shares during the last quarter. Bessemer Group Inc. raised 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 worth $403,000 after buying an additional 180 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised 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 worth $953,000 after buying an additional 191 shares during the last quarter. Institutional investors own 87.41% of the company’s stock.

Shares of LW traded up $0.97 during trading hours on Monday, reaching $73.12. The company had a trading volume of 51,226 shares, compared to its average volume of 711,799. The firm has a 50 day simple moving average of $68.36 and a 200-day simple moving average of $67.33. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 2.78 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 announced its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The business had revenue of $1 billion during 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 business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Equities research analysts predict that Lamb Weston Holdings Inc will post 3.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. Lamb Weston’s dividend payout ratio is presently 24.84%.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. began 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 for the company. Finally, Goldman Sachs Group upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, June 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Lamb Weston currently has an average rating of “Buy” and an average price target of $75.71.

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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