Lamb Weston $LW Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its position in shares of Lamb Weston (NYSE:LW) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,439 shares of the specialty retailer’s stock after selling 15,406 shares during the quarter. Van ECK Associates Corp’s holdings in Lamb Weston were worth $4,294,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Bank of Nova Scotia increased its stake in Lamb Weston by 2.0% during the third quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock worth $563,000 after acquiring an additional 189 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Lamb Weston by 8.0% during the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 229 shares during the period. Fiduciary Trust Co grew its holdings in shares of Lamb Weston by 7.5% during the 3rd quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 300 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Lamb Weston by 47.1% during the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 305 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 27th. TD Cowen upped their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Stock Down 3.7%

Shares of LW opened at $50.47 on Friday. The stock has a market capitalization of $6.94 billion, a PE ratio of 24.26, a P/E/G ratio of 2.34 and a beta of 0.47. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The company’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $45.93.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.63 by $0.24. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Analysts forecast that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is currently 73.08%.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.