13,000 Shares in Lamb Weston $LW Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in Lamb Weston (NYSE:LW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,000 shares of the specialty retailer’s stock, valued at approximately $674,000.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Lamb Weston by 23.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer’s stock valued at $38,547,000 after purchasing an additional 135,188 shares in the last quarter. Jump Financial LLC increased its position in shares of Lamb Weston by 2,603.3% during the first quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer’s stock valued at $10,118,000 after acquiring an additional 182,804 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Lamb Weston in the 1st quarter worth approximately $1,059,000. Liberty One Investment Management LLC raised its holdings in Lamb Weston by 17.4% in the 1st quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer’s stock worth $21,925,000 after acquiring an additional 61,085 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Lamb Weston in the 1st quarter valued at approximately $3,847,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $58.14 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The stock’s 50-day simple moving average is $55.86 and its 200-day simple moving average is $54.03. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.27 and a beta of 0.49.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.21. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.88 earnings per share. Lamb Weston’s quarterly revenue was up .3% on a year-over-year basis. Lamb Weston has set its FY 2026 guidance at EPS. As a group, analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be given a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.5%. Lamb Weston’s dividend payout ratio (DPR) is currently 58.96%.

Analysts Set New Price Targets

A number of research firms have commented on LW. Barclays boosted their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their target price on Lamb Weston from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They set a “neutral” rating and a $57.00 target price on the stock. Finally, Bank of America reduced their price target on shares of Lamb Weston from $60.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, June 18th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $65.33.

Lamb Weston Company Profile

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.