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

Shares of NYSE LW opened at $75.47 on Friday. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.43 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The firm’s 50 day simple moving average is $71.80 and its 200-day simple moving average is $74.28. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. Analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.91%. Lamb Weston’s payout ratio is 33.80%.

Analyst Upgrades and Downgrades

LW has been the topic of a number of recent analyst reports. TD Cowen increased their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. The Goldman Sachs Group decreased their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Bank of America raised their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Citigroup raised their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.22.

Institutional Trading of Lamb Weston

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. grew its position in Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after acquiring an additional 34,553 shares in the last quarter. Empowered Funds LLC acquired a new position in Lamb Weston in the 1st quarter valued at about $810,000. Nicola Wealth Management LTD. acquired a new position in Lamb Weston in the 3rd quarter valued at about $6,474,000. Confluence Investment Management LLC acquired a new position in Lamb Weston in the 2nd quarter valued at about $7,937,000. Finally, EntryPoint Capital LLC acquired a new position in Lamb Weston in the 1st quarter valued at about $28,000. 89.56% of the stock is owned by institutional investors and hedge funds.

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.