World Asset Management Inc lowered its position in Lamb Weston Holdings Inc. (NYSE:LW) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 9,586 shares of the specialty retailer’s stock after selling 282 shares during the period. World Asset Management Inc’s holdings in Lamb Weston Holdings were worth $422,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after buying an additional 2,100 shares during the period. Transamerica Financial Advisors Inc. increased its stake in shares of Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock worth $162,000 after buying an additional 26 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Lamb Weston Holdings during the first quarter worth $170,000. State of Alaska Department of Revenue purchased a new stake in shares of Lamb Weston Holdings during the second quarter worth $175,000. Finally, Bessemer Group Inc. increased its stake in shares of Lamb Weston Holdings by 3.4% in the second quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock worth $197,000 after buying an additional 145 shares during the period. 77.26% of the stock is owned by institutional investors.

Lamb Weston Holdings Inc. (LW) opened at 44.81 on Friday. The company has a market cap of $6.55 billion and a P/E ratio of 20.18. Lamb Weston Holdings Inc. has a 52 week low of $29.62 and a 52 week high of $49.94. The company has a 50-day moving average of $44.09 and a 200 day moving average of $42.64.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to the consensus estimate of $810.85 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, equities analysts forecast that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a $0.1875 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.67%.

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A number of analysts have recently weighed in on LW shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of Lamb Weston Holdings in a report on Friday, May 19th. Berenberg Bank started coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target for the company. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, July 12th. Bank of America Corporation upped their price target on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $46.00 price target (up previously from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.22.

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.

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

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