TSP Capital Management Group LLC Has $226,000 Stake in Lamb Weston Holdings Inc (LW)

TSP Capital Management Group LLC decreased its stake in Lamb Weston Holdings Inc (NYSE:LW) by 51.9% during the first quarter, Holdings Channel reports. The firm owned 5,378 shares of the specialty retailer’s stock after selling 5,792 shares during the period. TSP Capital Management Group LLC’s holdings in Lamb Weston Holdings were worth $226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Lamb Weston Holdings during the first quarter valued at approximately $170,000. Ancora Advisors LLC acquired a new position in shares of Lamb Weston Holdings during the fourth quarter valued at approximately $178,000. Glen Harbor Capital Management LLC raised its position in shares of Lamb Weston Holdings by 6,120.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,976 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 4,896 shares during the period. Keybank National Association OH acquired a new position in shares of Lamb Weston Holdings during the fourth quarter valued at approximately $201,000. Finally, Bessemer Group Inc. acquired a new position in shares of Lamb Weston Holdings during the fourth quarter valued at approximately $202,000. Institutional investors own 6.40% of the company’s stock.

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

Lamb Weston Holdings Inc (NYSE:LW) traded up 1.00% on Friday, reaching $44.38. 740,241 shares of the company were exchanged. The firm has a market capitalization of $6.48 billion and a PE ratio of 21.87. Lamb Weston Holdings Inc has a 12-month low of $28.75 and a 12-month high of $44.84. The stock has a 50 day moving average of $42.41 and a 200 day moving average of $38.99.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The company had revenue of $768.50 million during the quarter, compared to analyst estimates of $759.74 million. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings Inc will post $2.30 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Sunday, April 30th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $0.75 annualized dividend and a dividend yield of 1.71%.

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A number of research firms recently issued reports on LW. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Lamb Weston Holdings in a research note on Friday. Goldman Sachs Group Inc began coverage on shares of Lamb Weston Holdings in a research note on Wednesday, February 8th. They issued a “neutral” rating and a $38.00 target price on the stock. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $42.00 to $44.00 in a research note on Friday, April 7th. Zacks Investment Research upgraded shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, April 7th. Finally, Berenberg Bank began coverage on shares of Lamb Weston Holdings in a research note on Tuesday. They issued a “buy” rating and a $49.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Lamb Weston Holdings currently has an average rating of “Buy” and an average price target of $41.63.

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.

5 Day Chart for NYSE:LW

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