Dimensional Fund Advisors LP Reduces Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Posted by on Sep 8th, 2023

Dimensional Fund Advisors LP reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 0.8% in the first quarter, Holdings Channel reports. The firm owned 997,460 shares of the specialty retailer’s stock after selling 8,170 shares during the period. Dimensional Fund Advisors LP’s holdings in Lamb Weston were worth $104,246,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Lamb Weston during the first quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in shares of Lamb Weston during the second quarter valued at $29,000. Parkside Financial Bank & Trust boosted its stake in shares of Lamb Weston by 330.1% during the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 482 shares during the period. Achmea Investment Management B.V. purchased a new stake in shares of Lamb Weston during the fourth quarter valued at $38,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Lamb Weston during the fourth quarter valued at $39,000. 85.77% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $98.38 on Friday. Lamb Weston Holdings, Inc. has a one year low of $74.91 and a one year high of $117.38. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.88 and a current ratio of 1.56. The company has a market capitalization of $14.34 billion, a PE ratio of 14.22, a P/E/G ratio of 1.52 and a beta of 0.54. The company has a 50-day simple moving average of $103.49 and a two-hundred day simple moving average of $106.35.

Lamb Weston (NYSE:LW – Get Free Report) last issued its earnings results on Tuesday, July 25th. The specialty retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Lamb Weston had a return on equity of 84.65% and a net margin of 18.86%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Lamb Weston’s revenue for the quarter was up 46.9% on a year-over-year basis. Research analysts expect that Lamb Weston Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.14%. Lamb Weston’s dividend payout ratio (DPR) is 16.18%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, August 4th. The Goldman Sachs Group upgraded Lamb Weston from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $127.00 in a report on Monday. Barclays lifted their price objective on Lamb Weston from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, July 20th. Finally, StockNews.com assumed coverage on Lamb Weston in a report on Thursday, August 17th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.40.

Check Out Our Latest Analysis on Lamb Weston

Insider Activity at Lamb Weston

In related news, insider Eryk J. Spytek sold 6,319 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $103.23, for a total value of $652,310.37. Following the completion of the transaction, the insider now directly owns 1,052 shares of the company’s stock, valued at approximately $108,597.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

Lamb Weston Profile

(Free Report)

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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

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