Ameriprise Financial Inc. Has $85.06 Million Stock Holdings in Lamb Weston $LW

Key Points

• Ameriprise Financial Inc. has increased its stake in Lamb Weston by 12%, acquiring an additional 170,648 shares, bringing its total holdings to approximately 1.6 million shares valued at $85 million.
• Lamb Weston recently reported quarterly earnings of $0.87 per share, exceeding analysts' expectations and showing a 4% increase in revenue year-over-year to $1.68 billion.
• The company declared a quarterly dividend of $0.37 per share, with a dividend yield of 2.6%, scheduled for payment on August 29th, reflecting a payout ratio of about 59%.

Ameriprise Financial Inc. increased its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,595,877 shares of the specialty retailer's stock after acquiring an additional 170,648 shares during the period. Ameriprise Financial Inc. owned about 1.13% of Lamb Weston worth $85,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Lamb Weston by 23.0% during the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock worth $38,547,000 after acquiring an additional 135,188 shares during the period. Atlas FRM LLC acquired a new stake in shares of Lamb Weston during the fourth quarter worth $20,383,000. Soviero Asset Management LP acquired a new stake in shares of Lamb Weston during the fourth quarter worth $3,342,000. Siemens Fonds Invest GmbH acquired a new stake in shares of Lamb Weston during the fourth quarter worth $823,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Lamb Weston during the first quarter worth $1,059,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Barclays lifted their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Bank of America lowered their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price target on the stock. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of "Hold" and a consensus price target of $65.30.

Lamb Weston Stock Up 2.3%

LW stock traded up $1.29 during midday trading on Friday, hitting $57.54. The company's stock had a trading volume of 1,115,350 shares, compared to its average volume of 1,392,284. The stock has a market capitalization of $8.02 billion, a P/E ratio of 22.92, a PEG ratio of 2.37 and a beta of 0.49. The company's fifty day moving average price is $53.85 and its 200 day moving average price is $53.56. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.23. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. Lamb Weston's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. As a group, equities research analysts predict that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 1st were paid a dividend of $0.37 per share. The ex-dividend date was Friday, August 1st. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. Lamb Weston's payout ratio is currently 58.96%.

About Lamb Weston

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.