Rep. Julie Johnson Sells Lamb Weston Holdings, Inc. (NYSE:LW) Shares

Posted by George Bondi on Feb 15th, 2025

Representative Julie Johnson (D-Texas) recently sold shares of Lamb Weston Holdings, Inc. (NYSE:LW). In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lamb Weston stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

Lamb Weston Price Performance

LW opened at $58.47 on Friday. The company’s 50 day simple moving average is $64.14 and its 200 day simple moving average is $67.44. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $107.50. The stock has a market capitalization of $8.34 billion, a PE ratio of 23.11, a P/E/G ratio of 1.46 and a beta of 0.72.

Lamb Weston (NYSE:LW – Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Hedge Funds Weigh In On Lamb Weston

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Lamb Weston by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer’s stock valued at $1,112,511,000 after buying an additional 58,066 shares in the last quarter. JANA Partners Management LP raised its holdings in shares of Lamb Weston by 22.3% during the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer’s stock worth $476,587,000 after purchasing an additional 1,302,585 shares during the period. Capital Research Global Investors acquired a new stake in shares of Lamb Weston during the fourth quarter worth $423,270,000. State Street Corp raised its holdings in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares during the period. Finally, Boston Partners raised its holdings in shares of Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the acquisition, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LW. Barclays reduced their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus reduced their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Bank of America lifted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $81.00.

Check Out Our Latest Stock Analysis on Lamb Weston

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

Lamb Weston Company Profile

(Get Free Report)

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.