Lamb Weston (NYSE:LW) Shares Unloaded Sen. Gary C. Peters

Senator Gary C. Peters (D-Michigan) recently sold shares of Lamb Weston Holdings, Inc. (NYSE:LW). In a filing disclosed on November 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Lamb Weston stock on October 31st.

Senator Gary C. Peters also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Leggett & Platt (NYSE:LEG) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 10/17/2024.

Lamb Weston Price Performance

NYSE LW opened at $80.41 on Friday. The company has a 50-day moving average price of $71.19 and a two-hundred day moving average price of $74.30. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. Lamb Weston’s payout ratio is 33.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LW. Stifel Nicolaus raised their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Barclays raised their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Bank of America boosted their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and a consensus price target of $82.22.

Hedge Funds Weigh In On Lamb Weston

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC bought a new position in Lamb Weston in the first quarter worth about $810,000. Concurrent Investment Advisors LLC increased its stake in shares of Lamb Weston by 27.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,597 shares of the specialty retailer’s stock valued at $277,000 after purchasing an additional 555 shares in the last quarter. Sei Investments Co. raised its stake in shares of Lamb Weston by 20.0% during the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock worth $22,128,000 after buying an additional 34,553 shares during the period. QRG Capital Management Inc. acquired a new stake in Lamb Weston in the 1st quarter worth about $206,000. Finally, Avantax Advisory Services Inc. lifted its position in shares of Lamb Weston by 3.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

About Senator Peters

Gary Peters (Democratic Party) is a member of the U.S. Senate from Michigan. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Peters (Democratic Party) ran for re-election to the U.S. Senate to represent Michigan. He won in the general election on November 3, 2020. Peters completed Ballotpedia’s Candidate Connection survey in 2020. Click here to read the survey answers. Peters was elected to the Senate in 2014. On May 1, 2013, Peters announced he would seek election to the United States Senate seat that was being vacated in 2014 by retiring Michigan Sen. Carl Levin. Peters ran unopposed in the Democratic primary on August 5, 2014, before he defeated Terri Lynn Land (R), Jim Fulner (Libertarian), Richard Matkin (U.S. Taxpayers), and Chris Wahmhoff (Green) in the general election on November 4, 2014. Peters was previously a member of the U.S. House of Representatives representing Michigan’s 9th Congressional District from 2009 to 2013 and Michigan’s 14th Congressional District from 2013 to 2015. He also served as Commissioner of the Michigan Lottery from 2003 to 2007. As of a 2014 analysis of multiple outside rankings, Peters is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. On January 28, 2021, Senate Majority Leader Chuck Schumer (D-N.Y.) appointed Peters to head the Democratic Senatorial Campaign Committee for the 2022 campaign cycle. Peters was born in 1958 in Pontiac, Michigan. After graduating from Alma College in 1980, Peters went on to receive his M.B.A. from the University of Detroit and his J.D. from Wayne State University in 1985 and 1989, respectively. Prior to his political career, Peters worked as a professor and investment banker. He also served in the United States Naval Reserve from 1993 to 2000 and from 2001 to 2005.

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.