Mutual of America Capital Management LLC Sells 5,027 Shares of Lamb Weston $LW

Key Points

• Mutual of America Capital Management LLC reduced its stake in Lamb Weston by 4.6%, selling 5,027 shares and holding 104,742 shares, valued at approximately $5.43 million.
• Lamb Weston reported a quarterly earnings per share (EPS) of $0.64 and revenue of $1.15 billion, with analysts predicting a 3.1 EPS for the current fiscal year.
• The company declared a quarterly dividend of $0.37 per share, with a dividend yield of 2.3%, signifying a robust commitment to returning value to shareholders.

Mutual of America Capital Management LLC lowered its position in Lamb Weston (NYSE:LW - Free Report) by 4.6% in 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 104,742 shares of the specialty retailer's stock after selling 5,027 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Lamb Weston worth $5,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank & Trust purchased a new stake in shares of Lamb Weston during the second quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Lamb Weston during the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its stake in shares of Lamb Weston by 64.2% during the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 210 shares during the period. Finally, Ameriflex Group Inc. boosted its stake in shares of Lamb Weston by 407.7% during the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

LW opened at $64.64 on Wednesday. The stock has a fifty day simple moving average of $58.33 and a two-hundred day simple moving average of $55.04. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 4.36 and a beta of 0.52. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, October 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.3%. Lamb Weston's dividend payout ratio (DPR) is presently 70.81%.

Analysts Set New Price Targets

A number of analysts recently commented on LW shares. Wells Fargo & Company raised their price target on Lamb Weston from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 1st. Cowen reaffirmed a "hold" rating on shares of Lamb Weston in a research note on Wednesday, October 1st. JPMorgan Chase & Co. started coverage on Lamb Weston in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price target for the company. Cfra Research raised Lamb Weston to a "hold" rating in a research note on Thursday, October 2nd. Finally, BNP Paribas Exane raised their price target on Lamb Weston from $64.00 to $66.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $65.70.

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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