36,968 Shares in Lamb Weston $LW Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Lamb Weston (NYSE:LW) during the second quarter, HoldingsChannel reports. The fund bought 36,968 shares of the specialty retailer’s stock, valued at approximately $1,596,000.

A number of other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Lamb Weston in the 2nd quarter worth about $25,000. MCF Advisors LLC raised its holdings in shares of Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Lamb Weston in the 2nd quarter worth approximately $29,000. Hantz Financial Services Inc. lifted its position in Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after buying an additional 571 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in Lamb Weston in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LW shares. Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Sanford C. Bernstein lifted their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, TD Cowen raised their price objective on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.36.

Lamb Weston Trading Down 3.7%

Shares of LW opened at $50.47 on Friday. The stock has a market capitalization of $6.94 billion, a P/E 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 firm has a fifty day simple moving average of $50.38 and a two-hundred day simple moving average of $45.93. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm earned $0.87 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, research analysts anticipate that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.0%. 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.