The Manufacturers Life Insurance Company Takes Position in Lamb Weston $LW

The Manufacturers Life Insurance Company purchased a new stake in shares of Lamb Weston (NYSE:LW - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 36,968 shares of the specialty retailer's stock, valued at approximately $1,596,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Arnhold LLC boosted its holdings in shares of Lamb Weston by 710.2% in the fourth quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer's stock worth $1,601,000 after acquiring an additional 33,500 shares during the period. Dana Investment Advisors Inc. raised its stake in shares of Lamb Weston by 44.8% during the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer's stock valued at $3,770,000 after purchasing an additional 27,835 shares during the period. Principal Financial Group Inc. raised its stake in shares of Lamb Weston by 349.1% during the 1st quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer's stock valued at $29,180,000 after purchasing an additional 536,745 shares during the period. Texas Yale Capital Corp. purchased a new stake in Lamb Weston during the 4th quarter worth about $1,264,000. Finally, Hsbc Holdings PLC lifted its holdings in Lamb Weston by 11.4% during the 1st quarter. Hsbc Holdings PLC now owns 525,541 shares of the specialty retailer's stock worth $21,762,000 after purchasing an additional 53,655 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Price Performance

Lamb Weston stock opened at $50.47 on Friday. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.34 and a beta of 0.47. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The business has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $45.93. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.24. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The company's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, research analysts forecast that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston's dividend payout ratio (DPR) is currently 73.08%.

Analysts Set New Price Targets

A number of research analysts have weighed in on LW shares. Wells Fargo & Company lifted their target price on Lamb Weston from $54.00 to $57.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Stifel Nicolaus increased their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 27th. Stephens raised their price objective on shares of Lamb Weston from $46.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. Barclays boosted their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $52.00 target price on shares of Lamb Weston in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $53.36.

Lamb Weston Company Profile

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.

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