SCHEDULE: FMR LLC Reports 4.2% Stake in Lamb Weston Holdings

FMR LLC and Abigail P. Johnson disclose a 4.2% beneficial ownership stake in Lamb Weston Holdings Inc. common stock.

Summary

• FMR LLC and Abigail P. Johnson are the reporting persons for this Schedule 13G Amendment No. 1 filing.
• The filing reports beneficial ownership of 5,919,815.16 shares of Lamb Weston Holdings Inc. common stock.
• This aggregate amount represents 4.2% of the class of securities.
• FMR LLC holds sole voting power over 5,867,410.56 shares and sole dispositive power over 5,919,815.16 shares.
• Abigail P. Johnson holds sole dispositive power over 5,919,815.16 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• FMR LLC is classified as a parent holding company (HC), and Abigail P. Johnson is classified as an individual (IN).
• The Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares (49% voting power) and may form a controlling group with respect to FMR LLC.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment for the issuer's performance or outlook.

Positives

• A significant institutional investor, FMR LLC, maintains a substantial stake in Lamb Weston Holdings Inc., indicating continued investment interest.

Risks

• The Johnson family group, through their ownership and voting agreement, may be deemed to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940, which could indirectly influence FMR LLC's investment decisions.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance.

Industry Context

FMR LLC, a major asset management firm, is disclosing its passive investment stake in Lamb Weston Holdings Inc., a prominent player in the frozen potato products industry. This type of filing is standard for large institutional investors holding significant, but non-controlling, positions in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, which can be a factor in assessing investor confidence and liquidity.

Key Dates

Keywords

Lamb Weston Holdings Inc, FMR LLC, Abigail P. Johnson, beneficial ownership, Schedule 13G, common stock, institutional investment, equity stake