Legal & General Group Plc Makes New $13.63 Million Investment in Lamb Weston $LW

Legal & General Group Plc purchased a new position in shares of Lamb Weston (NYSE:LW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 315,701 shares of the specialty retailer’s stock, valued at approximately $13,632,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Lamb Weston in the second quarter worth $25,000. MCF Advisors LLC increased its stake in Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Lamb Weston during the 2nd quarter worth about $29,000. Hantz Financial Services Inc. boosted its stake in shares of Lamb Weston by 380.7% during the 4th 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 shares of Lamb Weston during the 2nd quarter worth about $36,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on LW. Wells Fargo & Company lifted their price objective 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. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $52.00 target price on shares of Lamb Weston in a research report on Monday, July 27th. Stephens lifted their price objective on shares of Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Finally, TD Cowen increased their price target on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.36.

Lamb Weston Stock Down 0.1%

Shares of NYSE:LW opened at $54.94 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The company has a market capitalization of $7.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.46. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The company has a fifty day moving average of $49.76 and a 200-day moving average of $45.87.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is currently 73.08%.

Lamb Weston 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.