Guggenheim Capital LLC Sells 14,259 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Guggenheim Capital LLC cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,567 shares of the specialty retailer's stock after selling 14,259 shares during the quarter. Guggenheim Capital LLC owned approximately 0.08% of Lamb Weston worth $7,790,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. West Oak Capital LLC raised its position in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after buying an additional 274 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston in the 4th quarter valued at about $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Lamb Weston in the fourth quarter worth $47,000. Finally, Advantage Trust Co purchased a new position in shares of Lamb Weston in the 4th quarter valued at $53,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus reduced their target price on Lamb Weston from $68.00 to $63.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, StockNews.com upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $71.27.

Lamb Weston Trading Down 0.7 %

LW traded down $0.35 during trading on Wednesday, reaching $52.12. 385,784 shares of the company's stock were exchanged, compared to its average volume of 2,722,141. The company's fifty day moving average price is $53.66 and its 200-day moving average price is $64.40. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market capitalization of $7.35 billion, a PE ratio of 20.60, a P/E/G ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is 58.04%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.