Lamb Weston Holdings, Inc. produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also offers its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' brands. In addition, it engages in the vegetable and dairy businesses. The company serves retail and foodservice customers; and grocery, mass merchants, club, and specialty retailers; and businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores. Lamb Weston Holdings, Inc. was incorporated in 1950 and is headquartered in Eagle, Idaho.
Lamb Weston Price Performance
Shares of NYSE:LW traded down $0.13 during midday trading on Thursday, reaching $82.07. The company's stock had a trading volume of 829,836 shares, compared to its average volume of 1,312,683. The company has a debt-to-equity ratio of 7.48, a quick ratio of 1.55 and a current ratio of 2.37. Lamb Weston has a fifty-two week low of $49.71 and a fifty-two week high of $83.29. The business's 50 day moving average price is $74.53 and its two-hundred day moving average price is $67.05. The company has a market cap of $11.80 billion, a P/E ratio of 59.91, a P/E/G ratio of 1.27 and a beta of 0.53.
Lamb Weston Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 5th will be given a $0.245 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.19%. Lamb Weston's payout ratio is 71.53%.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded shares of Lamb Weston from a "b-" rating to a "c+" rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.67.
Insider Activity
In other news, SVP Gerardo Scheufler sold 2,786 shares of Lamb Weston stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $81.01, for a total value of $225,693.86. Following the completion of the sale, the senior vice president now directly owns 29,685 shares in the company, valued at $2,404,781.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Eryk J. Spytek sold 3,867 shares of Lamb Weston stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $75.00, for a total value of $290,025.00. Following the transaction, the senior vice president now directly owns 37,955 shares of the company's stock, valued at $2,846,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gerardo Scheufler sold 2,786 shares of Lamb Weston stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $81.01, for a total transaction of $225,693.86. Following the completion of the transaction, the senior vice president now directly owns 29,685 shares in the company, valued at $2,404,781.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,654 shares of company stock worth $755,709. Corporate insiders own 0.80% of the company's stock.