Lamb Weston $LW Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its position in Lamb Weston (NYSE:LWFree Report) by 38.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 302,406 shares of the specialty retailer’s stock after selling 190,363 shares during the period. Quantinno Capital Management LP’s holdings in Lamb Weston were worth $12,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Lamb Weston by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock worth $698,692,000 after purchasing an additional 43,766 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Lamb Weston by 27.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after buying an additional 2,111,874 shares in the last quarter. State Street Corp raised its stake in shares of Lamb Weston by 1.1% during the 2nd quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after buying an additional 63,865 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lamb Weston by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock worth $147,536,000 after buying an additional 21,256 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Lamb Weston by 2.5% in the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock worth $190,869,000 after buying an additional 79,257 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Stephens upped their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Wells Fargo & Company increased their price target on shares of Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Barclays raised their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Wall Street Zen raised Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.36.

Read Our Latest Research Report on Lamb Weston

Lamb Weston Trading Up 1.0%

Lamb Weston stock opened at $53.06 on Tuesday. The stock has a market cap of $7.29 billion, a PE ratio of 25.51, a P/E/G ratio of 2.35 and a beta of 0.46. The stock has a 50-day moving average price of $45.98 and a 200 day moving average price of $44.79. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97.

Lamb Weston (NYSE:LWGet Free Report) last released its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm earned $0.87 EPS. The firm’s quarterly 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. Equities research analysts predict that Lamb Weston will post 3.05 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.52 annualized dividend and a yield of 2.9%. Lamb Weston’s payout ratio is 73.08%.

Lamb Weston Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston (NYSE:LWFree Report).

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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