Hsbc Holdings PLC Purchases 309,995 Shares of Lamb Weston $LW

Hsbc Holdings PLC grew its holdings in Lamb Weston (NYSE:LW) by 191.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 471,886 shares of the specialty retailer’s stock after purchasing an additional 309,995 shares during the quarter. Hsbc Holdings PLC’s holdings in Lamb Weston were worth $19,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LW. Bank of Nova Scotia lifted its stake in shares of Lamb Weston by 2.0% in the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock valued at $563,000 after purchasing an additional 189 shares during the period. MCF Advisors LLC lifted its stake in Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares during the period. Clearstead Advisors LLC boosted its holdings in Lamb Weston by 8.0% during the fourth quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock worth $130,000 after buying an additional 229 shares during the last quarter. Fiduciary Trust Co grew its position in shares of Lamb Weston by 7.5% during the 3rd quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock worth $251,000 after buying an additional 300 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Lamb Weston by 47.1% in the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 305 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp bought 50,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was bought at an average price of $43.19 per share, with a total value of $2,159,500.00. Following the completion of the acquisition, the director owned 5,398,980 shares of the company’s stock, valued at $233,181,946.20. This represents a 0.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stephens initiated coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target on the stock. Wells Fargo & Company lowered their price target on Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. BNP Paribas Exane decreased their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. dropped their target price on shares of Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Weiss Ratings cut shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 10th. Three 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.82.

Lamb Weston Trading Up 1.0%

LW stock opened at $46.56 on Wednesday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 6.14 and a beta of 0.47. The company has a fifty day moving average price of $43.58 and a two-hundred day moving average price of $43.96. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69.

Lamb Weston 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.