Hsbc Holdings PLC Sells 334,738 Shares of Lamb Weston $LW

Hsbc Holdings PLC cut its holdings in Lamb Weston (NYSE:LW) by 63.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,803 shares of the specialty retailer’s stock after selling 334,738 shares during the period. Hsbc Holdings PLC’s holdings in Lamb Weston were worth $8,193,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in shares of Lamb Weston during the 2nd quarter valued at about $25,000. MCF Advisors LLC lifted its holdings in Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Lamb Weston in the 2nd quarter worth approximately $29,000. Hantz Financial Services Inc. boosted its position in Lamb Weston by 380.7% during the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 571 shares during the period. Finally, Bell Investment Advisors Inc bought a new stake in Lamb Weston during the second quarter worth approximately $36,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

LW opened at $48.07 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The stock’s 50 day moving average price is $50.79 and its two-hundred day moving average price is $45.94. The firm has a market capitalization of $6.61 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 2.20 and a beta of 0.47. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities analysts forecast that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 7th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 7th. Lamb Weston’s dividend payout ratio is presently 73.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LW shares. JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. TD Cowen upped their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Stifel Nicolaus raised their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Stephens boosted their target price 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. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average target price of $53.36.

About Lamb Weston

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.