PNC Financial Services Group Inc. Has $2.19 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

PNC Financial Services Group Inc. lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,798 shares of the specialty retailer’s stock after selling 3,682 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lamb Weston were worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Clarkston Capital Partners LLC increased its position in Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after acquiring an additional 1,618,570 shares during the period. TPG GP A LLC increased its holdings in Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Lamb Weston by 5.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after purchasing an additional 114,049 shares during the last quarter. Marshall Wace LLP lifted its holdings in Lamb Weston by 78.5% during the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after buying an additional 830,511 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Lamb Weston by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,121,626 shares of the specialty retailer’s stock valued at $94,300,000 after buying an additional 38,970 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LW shares. Barclays lifted their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Wells Fargo & Company boosted their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Citigroup increased their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Finally, Bank of America increased their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and an average target price of $82.22.

Lamb Weston Price Performance

LW stock opened at $76.78 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company’s 50-day moving average is $73.11 and its 200-day moving average is $73.87. The stock has a market capitalization of $10.95 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.38 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $1.63 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

Lamb Weston Profile

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