OMERS ADMINISTRATION Corp Lowers Position in Lamb Weston $LW

Key Points

• OMERS ADMINISTRATION Corp has decreased its stake in Lamb Weston by 66.2%, selling 11,800 shares and now holding 6,033 shares valued at approximately $322,000.
• Lamb Weston reported better-than-expected earnings of $0.87 per share for the last quarter, surpassing the consensus estimate of $0.64, along with a revenue of $1.68 billion.
• The company recently declared a quarterly dividend of $0.37, resulting in an annualized yield of 2.6% and a payout ratio of 58.96%.

OMERS ADMINISTRATION Corp decreased its position in Lamb Weston (NYSE:LW - Free Report) by 66.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,033 shares of the specialty retailer's stock after selling 11,800 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Lamb Weston were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in Lamb Weston in the 4th quarter worth approximately $34,000. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston during the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Lamb Weston in the 1st quarter valued at approximately $28,000. Whipplewood Advisors LLC increased its position in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares during the period. Finally, CX Institutional acquired a new stake in Lamb Weston in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

LW has been the subject of a number of research reports. JPMorgan Chase & Co. started coverage on Lamb Weston in a report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price objective for the company. Bank of America reduced their target price on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Barclays raised their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company boosted their price target on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Lamb Weston currently has an average rating of "Hold" and an average price target of $65.30.

Lamb Weston Price Performance

NYSE:LW traded down $0.99 during mid-day trading on Monday, hitting $57.02. 652,020 shares of the company's stock traded hands, compared to its average volume of 2,273,030. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38. The company has a market cap of $7.95 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.49. The firm's 50 day simple moving average is $54.19 and its 200 day simple moving average is $53.53. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.23. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. Sell-side analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 1st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 1st. Lamb Weston's dividend payout ratio is currently 58.96%.

Lamb Weston 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.