The Vanguard Group, Inc. has recently announced that it has increased stake in Lamb Weston Holdings Inc. (NYSE:LW) by 0.96%. After grabbing 15.8 million shares, the institutional investor is now in possession of 0.15 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 10.99% having worth around $1.36 billion. Moreover, SSgA Funds Management, Inc. increased its share by 24776.0 to have a control over 5.21 million shares. And Geode Capital Management LLC raised its holdings to 62415.0 shares by acquiring 2.82 million shares or 1.96% of the stake.
Lamb Weston Holdings Inc. (LW) concluded trading on 11/30/22 at a closing price of $86.90, with 8.13 million shares of worth about $706.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.54% during that period and on Wednesday the price saw a gain of about 2.18%. Currently the company’s common shares owned by public are about 144.00M shares, out of which, 139.58M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the LW stock and their offered price forecasts bring an average price target of $92.57. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $101.00 and could fall to a lowest price of $80.00. The stock’s current price level is 6.13% above of average price target set by the analysts, while a rise to estimated low would result in loss of -8.63% for the stock. However, touching the estimated high of $101.00 would mean a gain of 13.96% 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 55 times over the past 12 months. They bought 220,702 shares in 33 of the transactions. In 22 selling transactions, insiders dumped 70,789 shares.
Stichting Pensioenfonds ABP, Vanguard Total Stock Market Index, 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 8.94 million shares of worth totaling $770.41 million. The company recently came buying 1.19 million shares which brought its stake up to 6.21% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1453.0 shares, after which its hold over company’s outstanding shares expand to 2.99%, leaving 4.3 million shares with the mutual fund that have a worth of about $370.95 million. Vanguard 500 Index Fund, after buying 3.29 million shares, have now control over 2.29% of the stake in the company. It holds 31539.0 shares of worth $283.52 million.
Lamb Weston Holdings Inc. (NYSE: LW) started trading at $85.16, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 87.18, or with a gain of 2.18%. Stock saw a price change of 0.84% in past 5 days and over the past one month there was a price change of 0.79%. Year-to-date (YTD), LW shares are showing a performance of 37.11% which increased to 67.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.71 but also hit the highest price of $88.04 during that period. The average intraday trading volume for Lamb Weston Holdings Inc. shares is 1.64 million. The stock is currently trading 2.90% above its 20-day simple moving average (SMA20), while that difference is up 5.09% for SMA50 and it goes to 20.02% higher than SMA200.
The Vanguard Group, Inc. acquired 15.8 million shares of Lamb Weston Holdings Inc. having value of about $1.36 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.15 million shares in the company valued at close to $13070802.8, or have control over 0.96% stake in the company. Lamb Weston Holdings Inc. (NYSE: LW) currently have 144.00M outstanding shares and institutions hold larger chunk of about 91.60% of that. Holding of mutual funds in the company is about 40.63% while other institutional holders and individual stake holders have control over 48.17% and 0.89% of the stake respectively.
The stock has a current market capitalization of $12.47B and its 3Y-monthly beta is at 0.53. PE ratio of stock for trailing 12 months is 31.27, while it has posted earnings per share of $2.78 in the same period. Its PEG reads 0.92 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 5.38. 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 1.89% while standing at 2.35% over the month.
Analysts are in expectations that Lamb Weston Holdings Inc. (LW) stock would likely to be making an EPS of $0.73 in the current quarter, while forecast for next quarter EPS is $0.75 and it is $3.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $0.79 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 $0.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -36.30% while it is estimated to increase by 32.73% in next year. EPS is likely to grow at an annualized rate of 33.90% for next 5-years, compared to annual growth of -9.10% made by the stock over the past 5-years.
Analysts at 8 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 1.90. Out of those 8 Wall Street analysts, 5 recommended a “Buy” rating, while 2 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 Jefferies on June 08, 2021 offering a Buy rating for the stock and assigned a target price range of between $84 and $100 to it. Coverage by Stifel stated Lamb Weston Holdings Inc. (LW) stock as a Buy in their note to investors on May 21, 2021, suggesting a price target of $89 for the stock. On April 08, 2021, Goldman Downgrade their recommendations, while on April 05, 2021, BofA Securities Upgrade their ratings for the stock with a price target of $100. Stock get an Overweight rating from JP Morgan on December 07, 2020.