Natixis Advisors LLC reduced its position in Lamb Weston (NYSE:LW – Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,634 shares of the specialty retailer’s stock after selling 96,968 shares during the period. Natixis Advisors LLC’s holdings in Lamb Weston were worth $18,374,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bank of Nova Scotia lifted its stake in Lamb Weston by 2.0% during the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock valued at $563,000 after acquiring an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Lamb Weston by 6.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,718 shares of the specialty retailer’s stock valued at $216,000 after acquiring an additional 228 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Lamb Weston by 8.0% during the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 229 shares in the last quarter. AlphaQuest LLC lifted its stake in Lamb Weston by 115.5% during the 3rd quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 239 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in Lamb Weston by 7.5% during the 3rd quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock valued at $251,000 after acquiring an additional 300 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Lamb Weston
In other Lamb Weston news, Director Jana Partners Management, Lp bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average cost of $43.19 per share, with a total value of $2,159,500.00. Following the transaction, the director directly owned 5,398,980 shares in the company, valued at $233,181,946.20. This trade represents a 0.93% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter J. Bensen bought 5,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were acquired at an average cost of $39.45 per share, with a total value of $197,250.00. Following the completion of the transaction, the director owned 17,204 shares in the company, valued at approximately $678,697.80. The trade was a 40.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 391,000 shares of company stock valued at $16,270,790. Insiders own 0.29% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Analysis on LW
Lamb Weston Trading Down 0.5%
Shares of Lamb Weston stock opened at $42.14 on Friday. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The firm has a market cap of $5.82 billion, a PE ratio of 19.69, a P/E/G ratio of 5.64 and a beta of 0.47. The stock has a fifty day moving average price of $42.48 and a 200-day moving average price of $46.20. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69.
Lamb Weston (NYSE:LW – Get Free Report) last announced its earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the firm posted $1.10 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Lamb Weston will post 2.85 EPS for the current year.
Lamb Weston Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.6%. Lamb Weston’s dividend payout ratio (DPR) is currently 71.03%.
Lamb Weston 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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