Canada Pension Plan Investment Board Buys Shares of 24,400 Lamb Weston $LW

Key Points

• Canada Pension Plan Investment Board bought 24,400 Lamb Weston shares during the second quarter, worth approximately $1.05 million. Institutional investors and hedge funds collectively own 89.56% of the company.
• Lamb Weston reported quarterly earnings of $0.87 per share and revenue of $1.77 billion, beating analyst estimates, while revenue increased 5.6% year over year. The company issued fiscal 2027 EPS guidance of $2.95 to $3.25.
• The company declared a quarterly dividend of $0.38 per share, equivalent to an annualized $1.52 payout and a 2.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $53.36.

Canada Pension Plan Investment Board purchased a new stake in Lamb Weston (NYSE:LW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,400 shares of the specialty retailer's stock, valued at approximately $1,054,000.

A number of other institutional investors also recently modified their holdings of LW. Jones Financial Companies Lllp bought a new stake in shares of Lamb Weston during the 2nd quarter worth $25,000. MCF Advisors LLC grew its position in Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Lamb Weston in the second quarter valued at about $29,000. Hantz Financial Services Inc. raised its stake in Lamb Weston by 380.7% during the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 571 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new position in Lamb Weston during the second quarter worth about $36,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Price Performance

Shares of LW opened at $54.40 on Tuesday. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The business has a 50-day simple moving average of $49.98 and a two-hundred day simple moving average of $45.90. 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 $7.48 billion, a PE ratio of 26.15, a PEG ratio of 2.45 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS 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 during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.87 earnings per share. The business's quarterly revenue was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Analysts anticipate that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on LW. JPMorgan Chase & Co. increased their target price on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Stifel Nicolaus lifted 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. Wall Street Zen upgraded shares of Lamb Weston from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Sanford C. Bernstein increased 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. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $52.00 price objective on shares of Lamb Weston in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.36.

Lamb Weston Profile

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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