BlackRock Fund Advisors has recently announced that it has increased stake in Lamb Weston Holdings Inc (NYSE:LW) by 0.62%. After grabbing 7.84 million shares, the institutional investor is now in possession of 47996.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 5.41% having worth around $784.53 million. Moreover, Citadel Advisors LLC increased its share by 1.15 million to have a control over 3.53 million shares. And Geode Capital Management LLC raised its holdings to 64644.0 shares by acquiring 3.17 million shares or 2.19% of the stake.
Lamb Weston Holdings Inc (LW) concluded trading on 01/04/24 at a closing price of $105.26, with 5.37 million shares of worth about $565.09 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.00% during that period and on Thursday the price saw a gain of about 0.31%. Currently the company’s common shares owned by public are about 145.67M shares, out of which, 142.53M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the LW stock and their offered price forecasts bring an average price target of $125.18. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $138.00 and could fall to a lowest price of $112.00. The stock’s current price level is 16.91% above of average price target set by the analysts, while a rise to estimated low would result in gain of 6.02% for the stock. However, touching the estimated high of $138.00 would mean a gain of 23.72% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 93,421 shares in 23 of the transactions. In 24 selling transactions, insiders dumped 81,924 shares.
Stichting Pensioenfonds ABP, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Lamb Weston Holdings Inc Stichting Pensioenfonds ABP is currently holding 6.38 million shares of worth totaling $637.96 million. The company recently came selling -2.56 million shares which brought its stake up to 4.40% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 5402.0 shares, after which its hold over company’s outstanding shares expand to 3.15%, leaving 4.56 million shares with the mutual fund that have a worth of about $456.12 million. Vanguard 500 Index Fund, after buying 3.52 million shares, have now control over 2.43% of the stake in the company. It holds 15520.0 shares of worth $352.06 million.
Lamb Weston Holdings Inc (NYSE: LW) started trading at $106.82, above $1.89 from concluding price of the previous day. However, the stock later moved at a day high price of 111.88, or with a gain of 0.31%. Stock saw a price change of -2.09% in past 5 days and over the past one month there was a price change of 2.73%. Year-to-date (YTD), LW shares are showing a performance of -2.62% which increased to 20.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.25 but also hit the highest price of $117.38 during that period. The average intraday trading volume for Lamb Weston Holdings Inc shares is 2.09 million. The stock is currently trading 0.66% above its 20-day simple moving average (SMA20), while that difference is up 6.68% for SMA50 and it goes to 2.23% higher than SMA200.
BlackRock Fund Advisors acquired 7.84 million shares of Lamb Weston Holdings Inc having value of about $784.53 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 47996.0 shares in the company valued at close to $5052058.96, or have control over 0.62% stake in the company. Lamb Weston Holdings Inc (NYSE: LW) currently have 145.67M outstanding shares and institutions hold larger chunk of about 88.29% of that. Holding of mutual funds in the company is about 44.76% while other institutional holders and individual stake holders have control over 44.83% and 0.88% of the stake respectively.
The stock has a current market capitalization of $15.26B and its 3Y-monthly beta is at 0.73. PE ratio of stock for trailing 12 months is 13.69, while it has posted earnings per share of $7.69 in the same period. Its PEG reads 0.99 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 2.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LW, volatility over the week remained 2.78% while standing at 2.16% over the month.
Analysts are in expectations that Lamb Weston Holdings Inc (LW) stock would likely to be making an EPS of $1.41 in the current quarter, while forecast for next quarter EPS is $1.53 and it is $6.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.37 which is $1.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 26.54% while it is estimated to increase by 8.09% in next year. EPS is likely to shrink at an annualized rate of 13.80% for next 5-years, compared to annual growth of 19.79% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the Lamb Weston Holdings Inc (LW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.25. Out of those 12 Wall Street analysts, 9 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 12, 2023 offering an Overweight rating for the stock and assigned a target price of $120 to it.
