Virtu KCG Holdings LLC Invests $355,000 in Lamb Weston Holdings Inc. (LW)

Virtu KCG Holdings LLC purchased a new position in Lamb Weston Holdings Inc. (NYSE:LW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,061 shares of the specialty retailer’s stock, valued at approximately $355,000.

Several other large investors also recently modified their holdings of the stock. Blair William & Co. IL boosted its holdings in shares of Lamb Weston Holdings by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock worth $291,000 after buying an additional 21 shares during the last quarter. Bollard Group LLC boosted its holdings in shares of Lamb Weston Holdings by 0.3% in the 2nd quarter. Bollard Group LLC now owns 25,163 shares of the specialty retailer’s stock worth $1,108,000 after buying an additional 75 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Lamb Weston Holdings by 3.4% in the 2nd quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock worth $197,000 after buying an additional 145 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Lamb Weston Holdings by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,069 shares of the specialty retailer’s stock worth $487,000 after buying an additional 193 shares during the last quarter. Finally, Utah Retirement Systems boosted its holdings in shares of Lamb Weston Holdings by 0.8% in the 2nd quarter. Utah Retirement Systems now owns 26,785 shares of the specialty retailer’s stock worth $1,179,000 after buying an additional 200 shares during the last quarter. 79.75% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on LW. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, October 6th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target (up from $46.00) on shares of Lamb Weston Holdings in a report on Thursday, October 5th. Jefferies Group LLC reissued a “buy” rating and issued a $58.00 price target (up from $53.00) on shares of Lamb Weston Holdings in a report on Thursday, October 5th. Bank of America Corporation upped their price objective on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 10th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their price objective for the company from $42.00 to $44.00 in a 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. Lamb Weston Holdings currently has a consensus rating of “Buy” and an average price target of $47.89.

COPYRIGHT VIOLATION NOTICE: “Virtu KCG Holdings LLC Invests $355,000 in Lamb Weston Holdings Inc. (LW)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/17/virtu-kcg-holdings-llc-invests-355000-in-lamb-weston-holdings-inc-lw.html.

Shares of Lamb Weston Holdings Inc. (NYSE:LW) opened at 50.69 on Tuesday. The firm’s 50-day moving average is $46.69 and its 200 day moving average is $44.68. The stock has a market capitalization of $7.41 billion and a P/E ratio of 22.63. Lamb Weston Holdings Inc. has a 12-month low of $29.62 and a 12-month high of $50.82.

Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $817.50 million for the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. Lamb Weston Holdings’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Lamb Weston Holdings Inc. will post $2.35 EPS for the current fiscal 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 given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.75 annualized dividend and a yield of 1.48%. Lamb Weston Holdings’s payout ratio is 33.63%.

About Lamb Weston Holdings

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