Hsbc Holdings PLC Sells 86,718 Shares of Lamb Weston $LW

Key Points

• Hsbc Holdings PLC reduced its stake in Lamb Weston by 30.8% during the first quarter, leaving it with approximately 194,914 shares valued at $10.38 million.
• Lamb Weston reported an earnings per share (EPS) of $0.87, surpassing analyst expectations of $0.64, with quarterly revenue hitting $1.68 billion.
• The company recently declared a quarterly dividend of $0.37, which translates to an annual yield of 2.6%, scheduled for payment on August 29th.

Hsbc Holdings PLC lessened its stake in Lamb Weston (NYSE:LW - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,914 shares of the specialty retailer's stock after selling 86,718 shares during the quarter. Hsbc Holdings PLC owned 0.14% of Lamb Weston worth $10,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Lamb Weston by 23.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock worth $38,547,000 after purchasing an additional 135,188 shares during the last quarter. Atlas FRM LLC purchased a new position in Lamb Weston in the 4th quarter worth about $20,383,000. Soviero Asset Management LP purchased a new position in Lamb Weston in the 4th quarter worth about $3,342,000. Siemens Fonds Invest GmbH purchased a new position in Lamb Weston in the 4th quarter worth about $823,000. Finally, Teacher Retirement System of Texas purchased a new position in Lamb Weston in the 1st quarter worth about $1,059,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent analyst reports. Bank of America decreased their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays boosted their target price on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on Lamb Weston in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.30.

Lamb Weston Stock Performance

Shares of Lamb Weston stock traded up $1.29 during trading hours on Friday, reaching $57.54. 1,115,350 shares of the stock traded hands, compared to its average volume of 1,419,953. The company has a 50 day moving average price of $53.85 and a 200 day moving average price of $53.59. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.37 and a beta of 0.49. Lamb Weston has a one year low of $47.87 and a one year high of $83.98. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.23. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 1st were paid a dividend of $0.37 per share. The ex-dividend date was Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.6%. Lamb Weston's payout ratio is 58.96%.

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.