Guggenheim Capital LLC Sells 27,673 Shares of Lamb Weston $LW

Guggenheim Capital LLC trimmed its holdings in shares of Lamb Weston (NYSE:LW) by 23.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,486 shares of the specialty retailer’s stock after selling 27,673 shares during the quarter. Guggenheim Capital LLC owned 0.06% of Lamb Weston worth $4,588,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. increased its stake in Lamb Weston by 64.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after buying an additional 210 shares during the period. CX Institutional grew its stake in Lamb Weston by 28.7% in the 2nd quarter. CX Institutional now owns 1,165 shares of the specialty retailer’s stock worth $60,000 after acquiring an additional 260 shares in the last quarter. IFP Advisors Inc grew its stake in Lamb Weston by 14.5% in the 2nd quarter. IFP Advisors Inc now owns 2,138 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 271 shares in the last quarter. First National Advisers LLC increased its position in shares of Lamb Weston by 0.6% during the second quarter. First National Advisers LLC now owns 49,756 shares of the specialty retailer’s stock worth $2,580,000 after acquiring an additional 301 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Lamb Weston by 40.1% during the second quarter. Signaturefd LLC now owns 1,195 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 342 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 0.0%

Shares of NYSE LW opened at $59.73 on Monday. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The stock’s fifty day simple moving average is $61.35 and its two-hundred day simple moving average is $56.86. The stock has a market capitalization of $8.32 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 3.96 and a beta of 0.44. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The firm had revenue of $1.15 billion during the quarter. As a group, analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, October 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 31st. Lamb Weston’s dividend payout ratio is presently 70.81%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LW. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Cfra Research raised Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. Weiss Ratings raised Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. began coverage on Lamb Weston in a research note on Wednesday, August 20th. They set a “neutral” rating and a $57.00 price target on the stock. Finally, BNP Paribas Exane lifted their price objective on Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.70.

About Lamb Weston

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.