The Manufacturers Life Insurance Company Has $1.38 Million Holdings in Lamb Weston $LW

Key Points

• The Manufacturers Life Insurance Company cut its Lamb Weston stake by 68.2% in the first quarter, selling 70,213 shares and retaining 32,695 shares valued at approximately $1.38 million. Institutional investors and hedge funds collectively own 89.56% of the company.
• Lamb Weston reported quarterly earnings of $0.87 per share, exceeding the $0.63 consensus estimate, while revenue of $1.77 billion also topped expectations and rose 5.6% year over year.
• Analysts remain mostly cautious, with 11 Hold ratings and three Buy ratings; the average price target is $53.36. The company declared a quarterly dividend of $0.38 per share, representing a 2.9% annualized yield.

The Manufacturers Life Insurance Company cut its stake in Lamb Weston (NYSE:LW - Free Report) by 68.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,695 shares of the specialty retailer's stock after selling 70,213 shares during the period. The Manufacturers Life Insurance Company's holdings in Lamb Weston were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. MCF Advisors LLC lifted its holdings in Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock worth $27,000 after buying an additional 199 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer's stock valued at $30,000 after buying an additional 571 shares during the period. Danske Bank A S bought a new stake in shares of Lamb Weston during the third quarter worth $52,000. Larson Financial Group LLC lifted its stake in shares of Lamb Weston by 47.1% during the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 305 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Lamb Weston by 121.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 619 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LW shares. TD Cowen lifted their price objective on Lamb Weston from $40.00 to $52.00 and gave the stock a "hold" rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $52.00 target price on shares of Lamb Weston in a research note on Monday, July 27th. Stephens lifted their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 28th. Sanford C. Bernstein boosted their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 28th. Finally, Barclays increased their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.36.

Lamb Weston Stock Down 0.7%

Lamb Weston stock opened at $51.89 on Tuesday. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.33 and a beta of 0.46. The company's 50 day simple moving average is $46.96 and its 200 day simple moving average is $45.11. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, sell-side analysts anticipate that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston's dividend payout ratio (DPR) is presently 73.08%.

About Lamb Weston

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source