Corient Private Wealth LP Decreases Stake in Lamb Weston $LW

Key Points

• Corient Private Wealth cut its Lamb Weston stake by 70.9% in the second quarter, selling 55,077 shares and retaining 22,564 shares worth approximately $974,000. Institutional investors collectively own 89.56% of the company.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $53.36, although several firms raised their targets and Barclays assigned an “Overweight” rating.
• Lamb Weston exceeded quarterly expectations, reporting $0.87 EPS and $1.77 billion in revenue, while revenue rose 5.6% year over year. The company also declared a $0.38 quarterly dividend, equal to a 3.0% annualized yield.

Corient Private Wealth LP cut its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,564 shares of the specialty retailer's stock after selling 55,077 shares during the period. Corient Private Wealth LP's holdings in Lamb Weston were worth $974,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on LW shares. TD Cowen raised their target price on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Stifel Nicolaus upped their price target on Lamb Weston from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 27th. Barclays lifted their price target on shares of Lamb Weston from $50.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Finally, Wall Street Zen raised shares of Lamb Weston from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of "Hold" and an average price target of $53.36.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $49.88 on Friday. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.22 and a beta of 0.47. 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's 50-day simple moving average is $50.48 and its 200-day simple moving average is $45.96. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 7th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 7th. Lamb Weston's dividend payout ratio is presently 73.08%.

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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