Oregon Public Employees Retirement Fund Decreases Stake in Lamb Weston Holdings Inc (NYSE:LW)

Oregon Public Employees Retirement Fund lessened its stake in Lamb Weston Holdings Inc (NYSE:LW) by 45.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,323 shares of the specialty retailer’s stock after selling 14,679 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Lamb Weston were worth $1,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clark Capital Management Group Inc. lifted its stake in Lamb Weston by 2.1% in the second quarter. Clark Capital Management Group Inc. now owns 8,374 shares of the specialty retailer’s stock valued at $531,000 after buying an additional 175 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Lamb Weston by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 12,717 shares of the specialty retailer’s stock valued at $953,000 after acquiring an additional 191 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Lamb Weston by 15.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 1,491 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 198 shares in the last quarter. 6 Meridian lifted its position in shares of Lamb Weston by 3.0% in the second quarter. 6 Meridian now owns 6,954 shares of the specialty retailer’s stock valued at $441,000 after acquiring an additional 200 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in shares of Lamb Weston by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 22,261 shares of the specialty retailer’s stock valued at $1,668,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 88.36% of the company’s stock.

Shares of NYSE LW traded down $0.17 during mid-day trading on Wednesday, hitting $64.78. The company had a trading volume of 98,664 shares, compared to its average volume of 1,755,458. The firm has a market cap of $9.46 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. Lamb Weston Holdings Inc has a 12 month low of $58.83 and a 12 month high of $83.86. The firm’s 50 day simple moving average is $64.66.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $972.49 million. Lamb Weston had a negative return on equity of 402.03% and a net margin of 12.48%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. As a group, analysts forecast that Lamb Weston Holdings Inc will post 3.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, August 1st. Lamb Weston’s payout ratio is currently 24.84%.

Several analysts have recently issued reports on LW shares. Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. began coverage on Lamb Weston in a research report on Monday, June 17th. They set a “neutral” rating and a $65.00 target price on the stock. Goldman Sachs Group upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Wednesday, June 19th. Finally, Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, May 7th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.71.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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