Lamb Weston $LW Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Lamb Weston (NYSE:LW) by 191.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 471,886 shares of the specialty retailer’s stock after purchasing an additional 309,995 shares during the quarter. Hsbc Holdings PLC owned 0.34% of Lamb Weston worth $19,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Arnhold LLC increased its position in Lamb Weston by 710.2% during the fourth quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after buying an additional 33,500 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Lamb Weston by 46.3% during the third quarter. Capital Research Global Investors now owns 2,150,000 shares of the specialty retailer’s stock worth $124,872,000 after buying an additional 680,000 shares during the last quarter. Dana Investment Advisors Inc. grew its stake 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 worth $3,770,000 after acquiring an additional 27,835 shares during the last quarter. Natixis Advisors LLC raised its stake in Lamb Weston by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 535,602 shares of the specialty retailer’s stock valued at $31,108,000 after purchasing an additional 42,709 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Lamb Weston by 2,682.3% during the 4th quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock worth $33,584,000 after purchasing an additional 772,893 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $46.56 on Wednesday. The stock has a market capitalization of $6.43 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 6.14 and a beta of 0.47. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The firm has a 50 day moving average of $43.58 and a 200-day moving average of $43.96.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LW shares. Stephens began coverage on Lamb Weston in a report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target for the company. Stifel Nicolaus reduced their target price on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Wells Fargo & Company lowered their price target on shares of Lamb Weston from $54.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Barclays decreased their target price on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.82.

Insider Buying and Selling at Lamb Weston

In related news, Director Jana Partners Management, Lp acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were purchased at an average price of $43.19 per share, with a total value of $2,159,500.00. Following the acquisition, the director directly owned 5,398,980 shares in the company, valued at $233,181,946.20. The trade was a 0.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.29% of the company’s stock.

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.