is there a function in lodash to replace matched item

In your case all you need to do is to find object in array and use Array.prototype.splice() method, read more details here:

var arr = [{id: 1, name: "Person 1"}, {id:2, name:"Person 2"}];

// Find item index using _.findIndex (thanks @AJ Richardson for comment)
var index = _.findIndex(arr, {id: 1});

// Replace item at index using native splice
arr.splice(index, 1, {id: 100, name: 'New object.'});

// "console.log" result
document.write(JSON.stringify( arr ));

<script src="//cdnjs.cloudflare.com/ajax/libs/lodash.js/2.4.1/lodash.min.js"></script>

Seems like the simplest solution would to use ES6's .map or lodash's _.map:

var arr = [{id: 1, name: "Person 1"}, {id: 2, name: "Person 2"}];

// lodash
var newArr = _.map(arr, function(a) {
  return a.id === 1 ? {id: 1, name: "Person New Name"} : a;
});

// ES6
var newArr = arr.map(function(a) {
  return a.id === 1 ? {id: 1, name: "Person New Name"} : a;
});

This has the nice effect of avoiding mutating the original array.