Lamb Weston $LW Stake Decreased by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale has reduced its stake in Lamb Weston by 11.6%, holding 113,557 shares valued at approximately $6.1 million after selling 14,850 shares in Q2.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC and Oppenheimer Asset Management Inc., have notably increased their investments in Lamb Weston, reflecting varying levels of confidence in the stock.
• Analysts have mixed ratings on Lamb Weston, with a consensus rating of "Hold" and a target price of $65.70, indicating a cautious outlook for the stock's performance.

DekaBank Deutsche Girozentrale decreased its position in shares of Lamb Weston (NYSE:LW - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,557 shares of the specialty retailer's stock after selling 14,850 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of Lamb Weston worth $6,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Lamb Weston by 328.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,630 shares of the specialty retailer's stock worth $2,325,000 after buying an additional 33,458 shares during the last quarter. State of Alaska Department of Revenue grew its position in Lamb Weston by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 16,715 shares of the specialty retailer's stock worth $890,000 after buying an additional 455 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Lamb Weston in the first quarter worth approximately $230,000. Oppenheimer Asset Management Inc. grew its position in Lamb Weston by 38.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,915 shares of the specialty retailer's stock worth $635,000 after buying an additional 3,292 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Lamb Weston by 9.2% in the first quarter. Oppenheimer & Co. Inc. now owns 36,310 shares of the specialty retailer's stock worth $1,935,000 after buying an additional 3,047 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on LW. Cfra Research upgraded shares of Lamb Weston to a "hold" rating in a research report on Thursday, October 2nd. Barclays lifted their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Weiss Ratings cut shares of Lamb Weston from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Cowen reiterated a "hold" rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Finally, Sanford C. Bernstein set a $65.00 price objective on shares of Lamb Weston and gave the stock a "market perform" rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $65.70.

Lamb Weston Trading Up 1.8%

Shares of NYSE:LW opened at $66.34 on Friday. The stock has a market capitalization of $9.24 billion, a PE ratio of 31.74, a P/E/G ratio of 4.32 and a beta of 0.52. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The firm has a fifty day moving average price of $58.98 and a 200 day moving average price of $55.27. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $1.15 billion during the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. Analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.2%. Lamb Weston's dividend payout ratio is currently 70.81%.

Lamb Weston Company Profile

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.

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