Amundi Sells 297,760 Shares of Lamb Weston $LW

Amundi decreased its stake in Lamb Weston (NYSE:LW - Free Report) by 51.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,598 shares of the specialty retailer's stock after selling 297,760 shares during the quarter. Amundi owned approximately 0.21% of Lamb Weston worth $12,289,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Lamb Weston during the 2nd quarter valued at approximately $25,000. MCF Advisors LLC raised its holdings in shares of Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Lamb Weston during the 2nd quarter valued at approximately $29,000. Hantz Financial Services Inc. boosted its position in shares of Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 571 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in shares of Lamb Weston in the second quarter valued at $36,000. Institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 0.8%

NYSE LW opened at $47.70 on Friday. The company's 50-day moving average price is $50.86 and its 200-day moving average price is $45.95. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The stock has a market cap of $6.56 billion, a PE ratio of 22.93, a PEG ratio of 2.11 and a beta of 0.47. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.24. The company 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 firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities research analysts forecast that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 7th. Lamb Weston's dividend payout ratio (DPR) is presently 73.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LW shares. Barclays lifted their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. Stifel Nicolaus increased their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a report on Monday, July 27th. Sanford C. Bernstein lifted their price target on Lamb Weston from $42.00 to $57.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 28th. TD Cowen boosted their price objective on Lamb Weston from $40.00 to $52.00 and gave the stock a "hold" rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on Lamb Weston from $43.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $53.36.

Lamb Weston Profile

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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