Lamb Weston $LW Shares Sold by Algert Global LLC

Key Points

• Algert Global cut its Lamb Weston stake by 46.4% in the second quarter, selling 91,642 shares and retaining 105,820 shares valued at approximately $4.6 million. Institutional investors and hedge funds collectively own 89.56% of the company.
• Lamb Weston exceeded quarterly expectations, reporting $0.87 EPS versus the $0.63 consensus estimate and $1.77 billion in revenue, up 5.6% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $53.36.
• The company declared a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a 2.8% yield, with payment scheduled for September 4.

Algert Global LLC lowered its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 46.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,820 shares of the specialty retailer's stock after selling 91,642 shares during the period. Algert Global LLC owned approximately 0.08% of Lamb Weston worth $4,569,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LW. MCF Advisors LLC lifted its position in shares of Lamb Weston by 44.2% during the 4th 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. purchased a new position 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 acquiring an additional 571 shares during the period. Bell Investment Advisors Inc acquired a new stake in shares of Lamb Weston during the second quarter valued at approximately $36,000. Finally, Danske Bank A S purchased a new stake in shares of Lamb Weston in the 3rd quarter valued at approximately $52,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on LW. JPMorgan Chase & Co. raised their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Wall Street Zen upgraded Lamb Weston from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Sanford C. Bernstein raised their target price on Lamb Weston from $42.00 to $57.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 28th. Barclays lifted their price target on Lamb Weston from $50.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Finally, Stifel Nicolaus upped their price target on Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.36.

Lamb Weston Stock Down 0.6%

LW opened at $54.94 on Friday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The business has a 50-day moving average of $49.56 and a 200-day moving average of $45.84. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. The company has a market capitalization of $7.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.46 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.24. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities research analysts forecast that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Announces Dividend

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

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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