5 Best Farmland and Agriculture Stocks To Buy According to Analysts

4. Lamb Weston Holdings, Inc. (NYSE:LW)

Number of Hedge Fund Holders: 46

Average Analyst Price Target Upside: 30.77%

Lamb Weston Holdings, Inc. (NYSE:LW) is a producer, seller, and distributor of potato products, other vegetables, dairy, and other food products. In the fourth quarter of 2023, 46 hedge funds had stakes in Lamb Weston Holdings, Inc. (NYSE:LW) with total positions worth $2.59 billion. As of December 31, 2023, Viking Global is the largest shareholder in the company and has a position worth $383.22 million.

Lamb Weston Holdings, Inc. (NYSE:LW) has a consensus Buy rating among 8 analysts, and its average price target of $109.38 has an upside of 30.77% from current levels, as of May 8.

On March 21, Lamb Weston Holdings, Inc. (NYSE:LW) declared a quarterly dividend of $0.36, payable by May 31 to the shareholders of record on May 3. The stock’s dividend yield is 1.72%, as of May 8.

The London Company made the following comment about Lamb Weston Holdings, Inc. (NYSE:LW) in its Q3 2023 investor letter:

“Lamb Weston Holdings, Inc. (NYSE:LW) – LW underperformed after the company reported lower volumes and provided a cautious outlook. This sparked fears the industry could have too much capacity as volumes slow. However, management has been clear the majority of the lower volume for LW has been intentional by shedding lower margin contracts. On a positive note, the fry attachment rate remained high. We remain attracted to LW’s market share, pricing power, and industry tailwinds.”