OLD Point Trust & Financial Services N A held its stake in Lancaster Colony Corp. (NASDAQ:LANC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the company’s stock at the end of the first quarter. OLD Point Trust & Financial Services N A’s holdings in Lancaster Colony Corp. were worth $258,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Lancaster Colony Corp. during the fourth quarter valued at $26,849,000. Shelton Capital Management acquired a new stake in Lancaster Colony Corp. during the fourth quarter valued at $283,000. BlackRock Fund Advisors raised its stake in Lancaster Colony Corp. by 5.6% in the third quarter. BlackRock Fund Advisors now owns 1,012,515 shares of the company’s stock valued at $133,743,000 after buying an additional 53,333 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Lancaster Colony Corp. during the fourth quarter valued at $4,829,000. Finally, ProShare Advisors LLC raised its stake in Lancaster Colony Corp. by 55.3% in the third quarter. ProShare Advisors LLC now owns 59,159 shares of the company’s stock valued at $7,814,000 after buying an additional 21,072 shares during the last quarter. Hedge funds and other institutional investors own 50.06% of the company’s stock.

Institutional Ownership by Quarter for Lancaster Colony Corp. (NASDAQ:LANC)

Lancaster Colony Corp. (NASDAQ:LANC) traded up 0.05% during mid-day trading on Friday, reaching $128.52. 60,036 shares of the company’s stock traded hands. The stock has a market capitalization of $3.53 billion, a PE ratio of 26.72 and a beta of 0.85. The firm’s 50-day moving average price is $129.69 and its 200 day moving average price is $134.09. Lancaster Colony Corp. has a 12 month low of $107.72 and a 12 month high of $149.30.

Lancaster Colony Corp. (NASDAQ:LANC) last posted its quarterly earnings results on Thursday, January 26th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.06. The business had revenue of $326.80 million for the quarter, compared to analysts’ expectations of $329.66 million. Lancaster Colony Corp. had a return on equity of 25.07% and a net margin of 11.09%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. Equities research analysts predict that Lancaster Colony Corp. will post $4.86 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Thursday, March 9th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, March 7th. Lancaster Colony Corp.’s dividend payout ratio is 45.64%.

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Several analysts have weighed in on LANC shares. Zacks Investment Research upgraded shares of Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Tuesday, March 28th. CL King started coverage on shares of Lancaster Colony Corp. in a research note on Monday, January 30th. They set a “buy” rating and a $158.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Lancaster Colony Corp. presently has an average rating of “Hold” and an average price target of $147.50.

Lancaster Colony Corp. Company Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

5 Day Chart for NASDAQ:LANC

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