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

Key Points

• HSBC Holdings reduced its Lamb Weston stake by 63.7% in the second quarter, selling 334,738 shares and retaining 190,803 shares valued at approximately $8.19 million.
• Lamb Weston reported quarterly earnings of $0.87 per share, beating estimates of $0.63, while revenue rose 5.6% year over year to $1.77 billion.
• Analysts maintain a consensus “Hold” rating with an average price target of $53.36. The company also pays a $0.38 quarterly dividend, equivalent to a 3.2% yield.

Hsbc Holdings PLC cut its position in shares of Lamb Weston (NYSE:LW - Free Report) by 63.7% in the second quarter, according to its most recent disclosure 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 quarter. Hsbc Holdings PLC owned 0.14% of Lamb Weston worth $8,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LW. Arnhold LLC grew its position in Lamb Weston by 710.2% during the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer's stock worth $1,601,000 after purchasing an additional 33,500 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of Lamb Weston by 44.8% in the fourth 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Lamb Weston by 349.1% in the first 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 in the last quarter. Texas Yale Capital Corp. acquired a new stake in shares of Lamb Weston in the fourth quarter worth $1,264,000. Finally, Harbour Investments Inc. boosted its position in shares of Lamb Weston by 11,283.0% in the fourth quarter. Harbour Investments Inc. now owns 60,899 shares of the specialty retailer's stock worth $2,551,000 after buying an additional 60,364 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on LW. Stephens upped their price target on Lamb Weston from $46.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. TD Cowen lifted their target price on Lamb Weston from $40.00 to $52.00 and gave the company a "hold" rating in a research note on Tuesday, July 28th. Sanford C. Bernstein upped their target price on Lamb Weston from $42.00 to $57.00 and gave the company a "market perform" rating in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $52.00 price target on shares of Lamb Weston in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of "Hold" and an average price target of $53.36.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $48.07 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The business has a fifty day simple moving average of $50.79 and a 200 day simple moving average of $45.94. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.20 and a beta of 0.47.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The business's revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, sell-side analysts predict that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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

Lamb Weston Company 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.

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