Pacer Advisors Inc. Grows Position in Lamb Weston Holdings Inc (NYSE:LW)

Pacer Advisors Inc. grew its position in Lamb Weston Holdings Inc (NYSE:LW) by 25.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,736 shares of the specialty retailer’s stock after purchasing an additional 4,805 shares during the period. Pacer Advisors Inc.’s holdings in Lamb Weston were worth $1,726,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Lamb Weston by 11.6% in the second quarter. BlackRock Inc. now owns 12,967,335 shares of the specialty retailer’s stock valued at $821,610,000 after buying an additional 1,349,262 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Lamb Weston by 79.1% in the second quarter. Wells Fargo & Company MN now owns 4,150,079 shares of the specialty retailer’s stock valued at $262,949,000 after buying an additional 1,832,695 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Lamb Weston by 78.6% in the second quarter. William Blair Investment Management LLC now owns 3,334,556 shares of the specialty retailer’s stock valued at $211,277,000 after buying an additional 1,468,016 shares in the last quarter. Invesco Ltd. increased its position in shares of Lamb Weston by 32.1% in the second quarter. Invesco Ltd. now owns 2,023,856 shares of the specialty retailer’s stock valued at $128,231,000 after buying an additional 491,874 shares in the last quarter. Finally, FMR LLC increased its position in shares of Lamb Weston by 5.8% in the first quarter. FMR LLC now owns 1,631,143 shares of the specialty retailer’s stock valued at $122,238,000 after buying an additional 89,544 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

LW opened at $75.50 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.68 and a debt-to-equity ratio of 23.94. The firm has a market cap of $11.11 billion, a P/E ratio of 23.20, a PEG ratio of 2.87 and a beta of 0.17. Lamb Weston Holdings Inc has a 52 week low of $58.83 and a 52 week high of $83.86. The business’s fifty day simple moving average is $73.25 and its 200 day simple moving average is $68.02.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty retailer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $989.00 million for the quarter, compared to analyst estimates of $971.45 million. Lamb Weston had a negative return on equity of 402.03% and a net margin of 12.44%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. As a group, equities analysts expect that Lamb Weston Holdings Inc will post 3.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, October 31st. Lamb Weston’s payout ratio is currently 24.84%.

A number of research analysts have recently weighed in on LW shares. Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price target for the company in a research report on Friday, July 26th. TheStreet raised Lamb Weston from a “d+” rating to a “c+” rating in a research note on Wednesday, October 2nd. Finally, Goldman Sachs Group raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Wednesday, June 19th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently 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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