Man Group plc Buys Shares of 22,292 Lamb Weston $LW

Man Group plc bought a new position in shares of Lamb Weston (NYSE:LW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,292 shares of the specialty retailer’s stock, valued at approximately $963,000.

Several other large investors have also modified their holdings of the business. Bank of Nova Scotia grew its holdings in Lamb Weston by 2.0% during the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock valued at $563,000 after buying an additional 189 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of 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 acquiring an additional 199 shares during the last quarter. Clearstead Advisors LLC increased its position in Lamb Weston by 8.0% during the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 229 shares in the last quarter. Fiduciary Trust Co raised its stake in Lamb Weston by 7.5% in the 3rd quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 300 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake 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 purchasing an additional 305 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Lamb Weston stock opened at $50.47 on Friday. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. 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 firm has a 50 day moving average price of $50.38 and a 200 day moving average price of $45.93. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.34 and a beta of 0.47.

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

Lamb Weston Announces Dividend

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 given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is 73.08%.

Wall Street Analyst Weigh In

LW has been the topic of several analyst reports. Barclays raised their price target on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Wall Street Zen raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Sanford C. Bernstein lifted their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Finally, TD Cowen boosted their price target on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.36.

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.