Lamb Weston (NYSE:LW) Plans $0.38 Quarterly Dividend

Lamb Weston (NYSE:LW) announced a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 7th will be given a dividend of 0.38 per share by the specialty retailer on Friday, September 4th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, August 7th.

Lamb Weston has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Lamb Weston has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lamb Weston to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 49.0%.

Lamb Weston Stock Performance

Shares of NYSE:LW traded up $0.39 during trading on Friday, reaching $49.57. 5,039,944 shares of the company’s stock traded hands, compared to its average volume of 2,420,118. The stock has a market capitalization of $6.84 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 6.37 and a beta of 0.47. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a 50 day moving average of $44.62 and a 200-day moving average of $44.22. 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) last issued its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.61% and a return on equity of 23.77%. Lamb Weston’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities analysts expect that Lamb Weston will post 2.85 EPS for the current year.

Institutional Trading of Lamb Weston

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MCF Advisors LLC boosted its stake in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Hantz Financial Services Inc. raised its position in Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 571 shares in the last quarter. Danske Bank A S bought a new stake in Lamb Weston in the third quarter worth about $52,000. Larson Financial Group LLC lifted its holdings in Lamb Weston by 47.1% in the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 305 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in Lamb Weston by 121.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 619 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

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.