Teachers Retirement System of The State of Kentucky Cuts Holdings in Lamb Weston Holdings Inc. (LW)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,080 shares of the specialty retailer’s stock after selling 1,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lamb Weston Holdings were worth $1,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Prudential Financial Inc. boosted its position in shares of 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 in the last quarter. Soros Fund Management LLC boosted its position in shares of 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 in the last quarter. GAM Holding AG boosted its position in shares of 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 in the last quarter. Family Legacy Inc. boosted its position in shares of 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 in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Lamb Weston Holdings by 491.3% in the 1st quarter. Point72 Asset Management L.P. now owns 156,100 shares of the specialty retailer’s stock worth $6,566,000 after purchasing an additional 129,700 shares in the last quarter. 79.78% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This article was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://transcriptdaily.com/2017/10/08/teachers-retirement-system-of-the-state-of-kentucky-cuts-holdings-in-lamb-weston-holdings-inc-lw.html.

LW has been the topic of a number of analyst reports. Bank of America Corporation boosted their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Stifel Nicolaus cut Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their price target for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Zacks Investment Research cut Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price target on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lamb Weston Holdings has a consensus rating of “Buy” and a consensus target price of $47.89.

Lamb Weston Holdings Inc. (NYSE LW) opened at 49.13 on Friday. The company has a market capitalization of $7.18 billion and a PE ratio of 22.13. 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 price of $46.08 and a 200 day moving average price of $44.41.

Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company 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 firm’s revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Lamb Weston Holdings Inc. will post $2.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 annualized dividend and a yield of 1.53%. Lamb Weston Holdings’s dividend payout ratio (DPR) is 33.63%.

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.

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings Inc. (NYSE:LW).

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

Receive News & Ratings for Lamb Weston Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply