Cadence Bank Increases Stock Position in Lamb Weston $LW

Key Points

• Cadence Bank increased its stake in Lamb Weston by 113.3%, owning a total of 79,881 shares valued at approximately $4.26 million as of the latest SEC filing.
• Lamb Weston reported quarterly earnings of $0.87 per share, exceeding expectations, with revenue of $1.68 billion, representing a 4.0% year-over-year increase.
• The firm has also declared a quarterly dividend of $0.37 to be paid on August 29th, reflecting an annualized dividend yield of 2.6%.

Cadence Bank raised its position in Lamb Weston (NYSE:LW - Free Report) by 113.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,881 shares of the specialty retailer's stock after acquiring an additional 42,436 shares during the quarter. Cadence Bank owned approximately 0.06% of Lamb Weston worth $4,258,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Lamb Weston during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Lamb Weston in the first quarter worth $28,000. Whipplewood Advisors LLC grew its stake in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 520 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth about $34,000. Finally, CX Institutional bought a new position in Lamb Weston in the 1st quarter worth about $48,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

Shares of LW traded down $1.0270 during trading hours on Monday, hitting $55.9630. The stock had a trading volume of 975,391 shares, compared to its average volume of 1,584,748. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38. The firm has a 50-day moving average price of $53.59 and a 200 day moving average price of $53.59. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.35 and a beta of 0.49.

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

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a yield of 2.6%. Lamb Weston's dividend payout ratio is presently 58.96%.

Analysts Set New Price Targets

Several brokerages have issued reports on LW. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Barclays lifted their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wells Fargo & Company lifted their target price 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. Bank of America decreased their target price on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Lamb Weston in a report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 target price for the company. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.30.

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.