Sen. Gary C. Peters Sells Lamb Weston Holdings, Inc. (NYSE:LW) Stock

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 Stock Performance

NYSE LW traded down $4.94 on Friday, reaching $75.47. The stock had a trading volume of 4,383,873 shares, compared to its average volume of 2,510,490. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market cap of $10.76 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. The firm has a fifty day moving average of $71.19 and a two-hundred day moving average of $74.30.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business's revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is currently 33.80%.

Analyst Ratings Changes

LW has been the topic of several recent analyst reports. TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, September 24th. 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. Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Consumer Edge cut shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Finally, Barclays increased their price target on Lamb Weston from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lamb Weston has a consensus rating of "Hold" and an average price target of $82.22.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors have recently made changes to their positions in LW. Empowered Funds LLC purchased a new stake in shares of Lamb Weston in the first quarter worth about $810,000. Concurrent Investment Advisors LLC increased its holdings in Lamb Weston by 27.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,597 shares of the specialty retailer's stock worth $277,000 after acquiring an additional 555 shares during the period. Sei Investments Co. lifted its stake in Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer's stock worth $22,128,000 after purchasing an additional 34,553 shares in the last quarter. QRG Capital Management Inc. bought a new position in Lamb Weston in the 1st quarter valued at $206,000. Finally, Avantax Advisory Services Inc. increased its holdings 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 worth $405,000 after purchasing an additional 135 shares during the period. 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.