Hsbc Holdings PLC Invests $8.19 Million in Lamb Weston $LW

Hsbc Holdings PLC acquired a new position in shares of Lamb Weston (NYSE:LWFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 190,803 shares of the specialty retailer’s stock, valued at approximately $8,193,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Arnhold LLC raised its position 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 valued at $1,601,000 after buying an additional 33,500 shares in the last quarter. Dana Investment Advisors Inc. increased its stake in Lamb Weston by 44.8% during the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock worth $3,770,000 after acquiring an additional 27,835 shares during the period. Principal Financial Group Inc. raised its holdings 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 acquiring an additional 536,745 shares in the last quarter. Texas Yale Capital Corp. bought a new stake in shares of Lamb Weston during the 4th quarter valued at $1,264,000. Finally, Easterly Investment Partners LLC bought a new position in shares of Lamb Weston in the fourth quarter worth $3,071,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW stock opened at $54.94 on Friday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.44 and a beta of 0.46. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. The company has a 50 day simple moving average of $49.76 and a 200 day simple moving average of $45.90. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07.

Lamb Weston (NYSE:LWGet Free Report) last posted its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Research analysts anticipate that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be given 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 yield of 2.8%. Lamb Weston’s payout ratio is currently 73.08%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LW shares. Wall Street Zen raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Stephens increased their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $52.00 price objective on shares of Lamb Weston in a research note on Monday, July 27th. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Barclays lifted their price target on Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $53.36.

Check Out Our Latest Stock Report on Lamb Weston

Lamb Weston Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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