$50 Million Still at Stake as Manager Cuts Exposure to Volatile Food Stock Down 28% This Past Year

Core Viewpoint - Douglas Lane & Associates sold 65,461 shares of Lamb Weston Holdings for an estimated $3.85 million, reflecting a strategic move in response to market conditions and portfolio management [2][3][11] Company Overview - Lamb Weston Holdings generates revenue primarily through sales of frozen potato products, with a total revenue of $6.47 billion and a net income of $392.30 million [5][9] - The company has a dividend yield of 3.5% and its shares were priced at $44.32 as of January 21, 2026 [5] Recent Performance - In the latest quarter, Lamb Weston reported a 1% year-over-year increase in net sales to $1.62 billion, with net income turning positive at $62.1 million compared to a loss of $36.1 million a year earlier [11] - The company reiterated its full-year guidance, targeting sales between $6.35 billion and $6.55 billion, and adjusted EBITDA of up to $1.20 billion, alongside a 3% increase in quarterly dividends [11] Market Position - As of January 21, shares of Lamb Weston were down 27.5% over the past year, significantly underperforming the S&P 500 by 41.14 percentage points [4][11] - The decline in share price is attributed to pricing pressure, customer concessions, and uneven international utilization, impacting market sentiment [12] Holdings and Transactions - Following the sale, Douglas Lane held 1,213,884 shares of Lamb Weston valued at $50.85 million, with the position's value decreasing by $23.45 million over the period due to both sales and price changes [3][7]