Bank of New York Mellon Corp Invests $51.52 Million in Lamb Weston $LW

Key Points

• Bank of New York Mellon acquired 1.19 million Lamb Weston shares worth approximately $51.5 million, representing about 0.87% of the company. Institutional investors and hedge funds collectively own 89.56% of the stock.
• Lamb Weston reported quarterly EPS of $0.87, exceeding analysts’ $0.63 estimate, while revenue reached $1.77 billion and increased 5.6% year over year. The company guided for fiscal 2027 EPS of $2.95–$3.25.
• The company declared a quarterly dividend of $0.38, equivalent to an annualized $1.52 and a 2.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $53.36.

Bank of New York Mellon Corp acquired a new position in Lamb Weston (NYSE:LW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,193,167 shares of the specialty retailer's stock, valued at approximately $51,521,000. Bank of New York Mellon Corp owned approximately 0.87% of Lamb Weston as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Lamb Weston in the fourth quarter valued at approximately $125,662,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Lamb Weston by 27.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer's stock valued at $411,558,000 after purchasing an additional 2,111,874 shares during the period. Ion Asset Management Ltd. acquired a new stake in Lamb Weston in the 2nd quarter valued at about $84,379,000. Arrowstreet Capital Limited Partnership lifted its stake in Lamb Weston by 350.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,451,954 shares of the specialty retailer's stock valued at $61,360,000 after purchasing an additional 1,129,918 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in Lamb Weston by 31.2% during the fourth quarter. Capital Research Global Investors now owns 2,820,000 shares of the specialty retailer's stock worth $118,130,000 after purchasing an additional 670,000 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Lamb Weston stock opened at $54.94 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The stock has a market cap of $7.55 billion, a PE ratio of 26.41, a P/E/G ratio of 2.46 and a beta of 0.46. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The business's 50-day moving average price is $49.56 and its two-hundred day moving average price is $45.84.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, analysts expect that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston's payout ratio is currently 73.08%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LW shares. Stephens boosted their target price on Lamb Weston from $46.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $52.00 price target on shares of Lamb Weston in a report on Monday, July 27th. Sanford C. Bernstein lifted their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a "market perform" rating in a research report 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. 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 research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $53.36.

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.

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