Hsbc Holdings PLC Increases Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Hsbc Holdings PLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,778 shares of the specialty retailer’s stock after purchasing an additional 850 shares during the period. Hsbc Holdings PLC owned about 0.15% of Lamb Weston worth $18,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Lamb Weston during the fourth quarter worth approximately $93,553,000. Artemis Investment Management LLP raised its stake in Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after acquiring an additional 663,985 shares in the last quarter. APG Asset Management US Inc. purchased a new stake in Lamb Weston in the fourth quarter valued at $56,699,000. Ninety One UK Ltd acquired a new position in Lamb Weston in the second quarter valued at $42,518,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Lamb Weston during the second quarter worth about $24,165,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Activity

In related news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LW. Barclays decreased their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. TD Cowen downgraded Lamb Weston from a “buy” rating to a “hold” rating and decreased their price objective for the company from $105.00 to $61.00 in a report on Thursday, July 25th. The Goldman Sachs Group cut their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Citigroup decreased their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.20.

Lamb Weston Trading Down 0.3 %

Shares of Lamb Weston stock opened at $65.44 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company’s 50-day simple moving average is $63.43 and its 200-day simple moving average is $79.45.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.20%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.