Hsbc Holdings PLC Purchases New Shares in Lamb Weston $LW

Hsbc Holdings PLC purchased a new position in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 190,803 shares of the specialty retailer’s stock, valued at approximately $8,193,000. Hsbc Holdings PLC owned about 0.14% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LW. Arnhold LLC boosted its stake in shares of Lamb Weston by 710.2% in the fourth quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after acquiring an additional 33,500 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in Lamb Weston by 44.8% in the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock valued at $3,770,000 after purchasing an additional 27,835 shares during the last quarter. Principal Financial Group Inc. raised its stake in Lamb Weston by 349.1% in the 1st quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock valued at $29,180,000 after purchasing an additional 536,745 shares during the last quarter. Texas Yale Capital Corp. purchased a new position in Lamb Weston in the 4th quarter valued at $1,264,000. Finally, Easterly Investment Partners LLC purchased a new position in Lamb Weston in the 4th quarter valued at $3,071,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 0.3%

LW stock opened at $54.94 on Friday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The firm has a market cap of $7.55 billion, a PE ratio of 26.41, a PEG ratio of 2.44 and a beta of 0.46. The firm’s 50 day moving average price is $49.76 and its 200-day moving average price is $45.90. 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 (NYSE:LW) last issued its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.24. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities research analysts anticipate that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. Lamb Weston’s dividend payout ratio is currently 73.08%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LW. Stifel Nicolaus upped their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Sanford C. Bernstein raised their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stephens upped their price objective on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, Barclays increased their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.