Lamb Weston (NYSE:LW) Announces Quarterly Dividend of $0.38

Lamb Weston (NYSE:LW) announced a quarterly dividend on Monday, October 5th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.38 per share by the specialty retailer on Friday, December 4th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 6th.

Lamb Weston has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Lamb Weston has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lamb Weston to earn $3.24 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 46.9%.

Lamb Weston Stock Up 7.4%

Shares of LW stock traded up $3.28 during trading hours on Tuesday, reaching $47.85. The company had a trading volume of 8,376,715 shares, compared to its average volume of 2,248,889. The company has a market capitalization of $6.58 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49. The stock’s fifty day simple moving average is $50.13 and its 200 day simple moving average is $45.96. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.16. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. As a group, sell-side analysts expect that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Lamb Weston in the 2nd quarter valued at $730,276,000. JANA Partners Management LP raised its stake in Lamb Weston by 7.7% during the second quarter. JANA Partners Management LP now owns 5,394,635 shares of the specialty retailer’s stock worth $232,940,000 after acquiring an additional 386,000 shares in the last quarter. State Street Corp lifted its holdings in shares of Lamb Weston by 6.4% during the second quarter. State Street Corp now owns 4,869,644 shares of the specialty retailer’s stock valued at $210,271,000 after acquiring an additional 294,120 shares during the period. Capital Research Global Investors boosted its stake in shares of Lamb Weston by 31.2% in the 4th quarter. Capital Research Global Investors now owns 2,820,000 shares of the specialty retailer’s stock valued at $118,130,000 after purchasing an additional 670,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Lamb Weston by 28.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock valued at $115,865,000 after purchasing an additional 601,171 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.