Swedbank AB Has $31.11 Million Stock Holdings in Lamb Weston $LW

Swedbank AB increased its position in Lamb Weston (NYSE:LW - Free Report) by 128.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,000 shares of the specialty retailer's stock after buying an additional 337,400 shares during the period. Swedbank AB owned 0.43% of Lamb Weston worth $31,110,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in Lamb Weston during the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Lamb Weston in the 1st quarter worth approximately $28,000. Whipplewood Advisors LLC boosted its stake in shares of Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after buying an additional 520 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth approximately $34,000. Finally, CX Institutional bought a new stake in shares of Lamb Weston in the 1st quarter worth approximately $48,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Down 1.5%

Shares of LW stock opened at $55.60 on Friday. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. The firm's 50 day moving average is $55.10 and its 200 day moving average is $53.84. The stock has a market capitalization of $7.75 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.33 and a beta of 0.49.

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

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 1st were issued a $0.37 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.7%. Lamb Weston's dividend payout ratio (DPR) is currently 58.96%.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.