Deutsche Bank AG Takes $1.54 Million Position in Lamb Weston $LW

Key Points

• Deutsche Bank acquired 35,764 Lamb Weston shares worth approximately $1.54 million during the second quarter, while institutional investors 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 expectations; revenue increased 5.6% year over year.
• The company declared a quarterly dividend of $0.38 per share, equivalent to a 2.8% annual yield. Analysts maintain an overall “Hold” rating, with an average price target of $53.36.

Deutsche Bank AG acquired 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 & Exchange Commission. The institutional investor acquired 35,764 shares of the specialty retailer's stock, valued at approximately $1,544,000.

Several other institutional investors and hedge funds have also bought and sold shares of LW. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Lamb Weston during the 2nd quarter valued at $44,000. Bell Investment Advisors Inc purchased a new position in shares of Lamb Weston in the second quarter valued at $36,000. Global Retirement Partners LLC bought a new position in shares of Lamb Weston in the second quarter valued at approximately $81,000. Alberta Investment Management Corp bought a new position in shares of Lamb Weston in the second quarter worth $16,978,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $51,521,000. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Up 0.3%

LW opened at $54.94 on Friday. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. 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 business's 50-day moving average price is $49.76 and its 200-day moving average price is $45.90. The company has a market cap of $7.55 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.45 and a beta of 0.46.

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 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 quarter in the previous year, the company posted $0.87 earnings per share. The business's 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. On average, equities analysts expect that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. Lamb Weston's dividend payout ratio (DPR) is presently 73.08%.

Analyst Ratings Changes

Several brokerages have issued reports on LW. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 27th. Wells Fargo & Company increased their target price on Lamb Weston from $54.00 to $57.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Weiss Ratings upgraded Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $52.00 price objective on shares of Lamb Weston in a report on Monday, July 27th. Finally, Sanford C. Bernstein raised their price objective on Lamb Weston from $42.00 to $57.00 and gave the company a "market perform" rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of "Hold" and an average target price of $53.36.

Lamb Weston Company 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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