54,119 Lamb Weston $LW Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Lamb Weston position by 69.7%, selling 54,119 shares in the second quarter and retaining 23,522 shares valued at approximately $1.02 million.
• Institutional ownership remains high at 89.56%, with several funds—including Principal Financial Group and HSBC—recently increasing their stakes.
• Lamb Weston beat quarterly earnings expectations with $0.87 EPS on $1.77 billion in revenue, while analysts maintain a consensus “Hold” rating with an average price target of $53.36; the company also pays a $0.38 quarterly dividend.

Corient Private Wealth LP trimmed its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 69.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,522 shares of the specialty retailer's stock after selling 54,119 shares during the period. Corient Private Wealth LP's holdings in Lamb Weston were worth $1,016,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LW. Principal Financial Group Inc. grew its stake in shares of Lamb Weston by 349.1% in the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer's stock worth $29,180,000 after acquiring an additional 536,745 shares during the last quarter. Texas Yale Capital Corp. purchased a new position in shares of Lamb Weston in the 4th quarter worth about $1,264,000. Hsbc Holdings PLC boosted its stake in Lamb Weston by 11.4% in the 1st quarter. Hsbc Holdings PLC now owns 525,541 shares of the specialty retailer's stock worth $21,762,000 after purchasing an additional 53,655 shares in the last quarter. Easterly Investment Partners LLC bought a new position in Lamb Weston in the 4th quarter worth about $3,071,000. Finally, Adams Diversified Equity Fund Inc. grew its position in Lamb Weston by 99.6% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 185,400 shares of the specialty retailer's stock valued at $7,766,000 after purchasing an additional 92,500 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

LW has been the subject of a number of analyst reports. Sanford C. Bernstein raised their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the company a "market perform" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of Lamb Weston from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Stifel Nicolaus raised their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Finally, Stephens upped their price objective on Lamb Weston from $46.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $53.36.

Lamb Weston Trading Up 0.0%

NYSE:LW opened at $43.58 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a market cap of $5.99 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.94 and a beta of 0.47. The company has a 50 day simple moving average of $50.85 and a two-hundred day simple moving average of $45.90.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.24. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the prior year, the firm earned $0.87 EPS. The company's revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Research analysts forecast that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 7th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 7th. Lamb Weston's dividend payout ratio is currently 73.08%.

About Lamb Weston

Lamb Weston Holdings, Inc NYSE: LW is a food company that produces and distributes frozen potato products. Its portfolio includes frozen french fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other specialty potato items.

The company serves restaurants, foodservice distributors, retailers and food manufacturers. Its products are sold under the Lamb Weston, Grown in Idaho and Alexia brands, as well as through private-label and customer-specific offerings.

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