Lamb Weston $LW Stock Position Lessened by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lessened its stake in Lamb Weston (NYSE:LW) by 26.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,403 shares of the specialty retailer’s stock after selling 39,381 shares during the period. Kingsview Wealth Management LLC owned 0.08% of Lamb Weston worth $4,767,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LW. Jones Financial Companies Lllp acquired a new position in shares of Lamb Weston in the 2nd quarter worth $25,000. MCF Advisors LLC boosted 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 worth $27,000 after buying an additional 199 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Lamb Weston in the second quarter worth about $29,000. Hantz Financial Services Inc. lifted its holdings in shares of Lamb Weston by 380.7% during the fourth 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 acquired a new position in Lamb Weston during the 2nd quarter valued at $36,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LW has been the subject of several recent analyst reports. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $52.00 target price on shares of Lamb Weston in a research report on Monday, July 27th. Stephens increased their price objective 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. Stifel Nicolaus raised their target price on Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Finally, Sanford C. Bernstein upped their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.36.

Lamb Weston Stock Performance

LW opened at $54.94 on Friday. The business’s fifty day moving average is $49.76 and its 200-day moving average is $45.90. The firm has a market cap of $7.55 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07.

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

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s payout ratio is currently 73.08%.

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.