5 Oversold Dividend Stocks to Invest In

2. Lamb Weston Holdings, Inc. (NYSE:LW)

14-Day RSI As of July 30: 23.77

Lamb Weston Holdings, Inc. (NYSE:LW) is an Idaho-based food processing company that specializes in high-quality frozen potato products. The company started its dividend policy in 2016 and has raised its payouts every year since then. It pays a quarterly dividend of $0.28 per share. With a dividend yield of 1.10% as of July 30, LW is one of the best dividend stocks on our list.

As of the close of Q1 2023, 49 hedge funds tracked by Insider Monkey reported having stakes in Lamb Weston Holdings, Inc. (NYSE:LW), down from 51 a quarter earlier. These stakes are worth over $2.45 billion in total.

The London Company mentioned Lamb Weston Holdings, Inc. (NYSE:LW) in its Q1 2023 investor letter. Here is what the firm has to say:

“Lamb Weston Holdings, Inc. (NYSE:LW) -LW’s outperformance was driven by solid quarterly results, which included double-digit pricing actions, healthy demand, and higher productivity. Productivity savings helped generate higher incremental margins and the company should drive margins higher as input costs normalize. The fry attachment rate remains above pre- pandemic levels. This is a consolidated industry and the long- term outlook remains very favorable. We remain attracted to LW’s market share, pricing power, and industry tailwinds.”