Artisan Partners Limited Partnership Invests $886,000 in Lamb Weston Holdings Inc. (LW) Stock
Artisan Partners Limited Partnership acquired a new stake in Lamb Weston Holdings Inc. (NYSE:LW) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,124 shares of the specialty retailer’s stock, valued at approximately $886,000.
Other large investors have also made changes to their positions in the company. Schroder Investment Management Group bought a new position in Lamb Weston Holdings in the 2nd quarter valued at $106,000. First Mercantile Trust Co. bought a new position in Lamb Weston Holdings in the 2nd quarter valued at $137,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Lamb Weston Holdings by 165.9% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after purchasing an additional 2,100 shares during the period. IndexIQ Advisors LLC bought a new position in Lamb Weston Holdings in the 2nd quarter valued at $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Lamb Weston Holdings in the 1st quarter valued at $170,000. Hedge funds and other institutional investors own 79.78% of the company’s stock.
Lamb Weston Holdings Inc. (LW) opened at 45.86 on Friday. The company has a market cap of $6.70 billion and a P/E ratio of 20.66. Lamb Weston Holdings Inc. has a 1-year low of $29.62 and a 1-year high of $49.94. The stock’s 50 day moving average price is $45.11 and its 200 day moving average price is $43.96.
Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $833.00 million for the quarter, compared to analysts’ expectations of $810.85 million. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. On average, equities analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Wednesday, August 2nd.
Several research firms have recently weighed in on LW. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, May 26th. Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their price target for the stock from $42.00 to $44.00 in a research note on Tuesday, July 4th. Bank of America Corporation increased their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $46.00 price target (up previously from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $46.22.
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Lamb Weston Holdings Profile
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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