IHT Wealth Management LLC maintained its position in Lamb Weston Holdings Inc. (NYSE:LW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173 shares of the specialty retailer’s stock at the close of the 2nd quarter. IHT Wealth Management LLC’s holdings in Lamb Weston Holdings were worth $786,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Prudential Financial Inc. grew its position in Lamb Weston Holdings by 11.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,065,420 shares of the specialty retailer’s stock worth $46,922,000 after purchasing an additional 111,876 shares during the period. Soros Fund Management LLC grew its position in Lamb Weston Holdings by 11.7% in the 1st quarter. Soros Fund Management LLC now owns 326,999 shares of the specialty retailer’s stock worth $13,754,000 after purchasing an additional 34,200 shares during the period. GAM Holding AG grew its position in Lamb Weston Holdings by 7.2% in the 2nd quarter. GAM Holding AG now owns 58,159 shares of the specialty retailer’s stock worth $2,561,000 after purchasing an additional 3,916 shares during the period. Evercore Wealth Management LLC grew its position in Lamb Weston Holdings by 12.5% in the 2nd quarter. Evercore Wealth Management LLC now owns 842,035 shares of the specialty retailer’s stock worth $37,083,000 after purchasing an additional 93,852 shares during the period. Finally, Family Legacy Inc. grew its position in Lamb Weston Holdings by 3.3% in the 2nd quarter. Family Legacy Inc. now owns 7,719 shares of the specialty retailer’s stock worth $340,000 after purchasing an additional 250 shares during the period. 79.78% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts have recently issued reports on LW shares. Morgan Stanley reissued an “equal weight” rating and set a $46.00 price objective (up previously from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Bank of America Corporation boosted their price objective on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and set a $53.00 price objective on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Friday. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their price objective for the company from $42.00 to $44.00 in a research report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.89.
Shares of Lamb Weston Holdings Inc. (LW) traded up 1.11% during midday trading on Friday, hitting $49.13. 760,154 shares of the stock were exchanged. The firm’s 50-day moving average is $46.08 and its 200-day moving average is $44.41. Lamb Weston Holdings Inc. has a 12 month low of $29.62 and a 12 month high of $49.94. The stock has a market cap of $7.18 billion and a price-to-earnings ratio of 22.13.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. The firm had revenue of $817.50 million for the quarter, compared to analyst estimates of $795.61 million. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The business’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts predict that Lamb Weston Holdings Inc. will post $2.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be paid a $0.1875 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.53%. Lamb Weston Holdings’s payout ratio is currently 33.63%.
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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