Assetmark Inc. Lowers Holdings in Lamb Weston $LW

Assetmark Inc. decreased its position in shares of Lamb Weston (NYSE:LW) by 46.2% in the first quarter, HoldingsChannel reports. The firm owned 28,678 shares of the specialty retailer’s stock after selling 24,600 shares during the quarter. Assetmark Inc.’s holdings in Lamb Weston were worth $1,212,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Lamb Weston by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock worth $698,692,000 after acquiring an additional 43,766 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Lamb Weston by 27.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after acquiring an additional 2,111,874 shares in the last quarter. State Street Corp lifted its stake in Lamb Weston by 1.1% in the second quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after acquiring an additional 63,865 shares during the period. Geode Capital Management LLC increased its holdings in Lamb Weston by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock valued at $147,536,000 after buying an additional 21,256 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Lamb Weston by 2.5% during the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock worth $190,869,000 after purchasing an additional 79,257 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.8%

Lamb Weston stock opened at $49.57 on Friday. The stock has a 50-day simple moving average of $44.73 and a 200-day simple moving average of $44.25. The company has a market capitalization of $6.84 billion, a P/E ratio of 23.17, a PEG ratio of 6.53 and a beta of 0.47. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 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 the consensus estimate of $1.70 billion. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities research analysts expect that Lamb Weston will post 2.85 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be given a $0.38 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.1%. Lamb Weston’s dividend payout ratio is currently 71.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Lamb Weston from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. BNP Paribas Exane cut their price target on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. increased their price objective on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Stephens assumed coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price objective for the company. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.27.

Lamb Weston News Summary

Here are the key news stories impacting Lamb Weston this week:

• Positive Sentiment: Lamb Weston beat fiscal Q4 earnings and revenue estimates, with stronger North American volume driving the top line. Lamb Weston (LW) Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company issued FY 2027 guidance that implies modest growth and revenue above consensus, suggesting management confidence in the turnaround. Lamb Weston earnings report
• Neutral Sentiment: Management said higher production and cost savings are helping offset inflation and geopolitical disruptions, but those headwinds are still affecting international sales. Seeking Alpha news
• Neutral Sentiment: Analysts remain cautious despite the beat, with at least one downgrade saying the stock may be past the worst but still faces meaningful challenges. Lamb Weston: Passing The Bottom, But Challenges Remain (Downgrade)
• Negative Sentiment: International weakness, inflation, and geopolitical volatility continue to pressure margins and could limit how quickly earnings improve. Lamb Weston Posts Higher Sales on North America Growth

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.