Legal & General Group Plc Raises Position in Lamb Weston Holdings Inc. (LW)

Legal & General Group Plc boosted its stake in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 627,437 shares of the specialty retailer’s stock after buying an additional 47,764 shares during the period. Legal & General Group Plc owned approximately 0.43% of Lamb Weston Holdings worth $26,390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK purchased a new stake in Lamb Weston Holdings during the fourth quarter valued at $379,000. Bessemer Group Inc. purchased a new stake in Lamb Weston Holdings during the fourth quarter valued at $202,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Lamb Weston Holdings during the fourth quarter valued at $289,000. State Board of Administration of Florida Retirement System purchased a new stake in Lamb Weston Holdings during the fourth quarter valued at $7,665,000. Finally, State Street Corp purchased a new stake in Lamb Weston Holdings during the fourth quarter valued at $182,802,000. 78.91% of the stock is currently owned by institutional investors.

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

Lamb Weston Holdings Inc. (LW) traded down 0.55% during mid-day trading on Friday, hitting $45.07. The company had a trading volume of 1,658,171 shares. Lamb Weston Holdings Inc. has a one year low of $29.62 and a one year high of $47.99. The company has a market cap of $6.58 billion and a PE ratio of 22.21. The company’s 50 day moving average price is $44.34 and its 200-day moving average price is $40.39.

Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $768.50 million for the quarter, compared to analyst estimates of $759.74 million. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Sunday, April 30th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, April 26th.

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LW has been the topic of several research reports. Jefferies Group LLC upped their target price on Lamb Weston Holdings from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, March 6th. Zacks Investment Research lowered Lamb Weston Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 15th. Stifel Nicolaus lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their target price for the company from $42.00 to $44.00 in a report on Friday, April 7th. Berenberg Bank initiated coverage on Lamb Weston Holdings in a report on Tuesday, May 16th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, CL King initiated coverage on Lamb Weston Holdings in a report on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 target price on the stock. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $43.56.

Lamb Weston Holdings Company 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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