10 Best Farmland and Agriculture Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holdings: 42

Headquartered in Idaho, U.S., Lamb Weston Holdings, Inc. (NYSE:LW) makes and sells frozen potato products, along with other vegetables and dairy products.

The stock is quite popular amongst investors, as 42 hedge funds have stakes in the stock worth $1.979 billion; Stockbridge Partners is the biggest investor in the stock with an investment of $401.4 million!

Furthermore, scenes are quite the same with analysts as well, as they have set a price target of a staggering $108.24, as compared to its current price of $84.85; that’s an upside potential of a massive 27.57%!

Analysts’ judgment about the stock can be justified through the company’s performance in its fiscal 3rd quarter of 2024, wherein, the net sales shot up 16% YoY to $1.458 billion; furthermore, the company managed to pay $40 million in cash dividends to its common shareholders. Moreover, for the year 2024, the company eyes an adjusted EPS of somewhere between $5.5 to $5.65, on the back of a forecasted net income of around $800 million.