Public Employees Retirement Association of Colorado continued to hold its position in Lancaster Colony Corp. (NASDAQ:LANC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,554 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Lancaster Colony Corp. were worth $17,936,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its position in Lancaster Colony Corp. by 118.9% in the first quarter. State Street Corp now owns 1,362,630 shares of the company’s stock worth $150,663,000 after buying an additional 740,124 shares in the last quarter. Fisher Asset Management LLC boosted its position in Lancaster Colony Corp. by 18.4% in the second quarter. Fisher Asset Management LLC now owns 403,956 shares of the company’s stock worth $51,565,000 after buying an additional 62,721 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Lancaster Colony Corp. by 18.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 248,374 shares of the company’s stock worth $31,697,000 after buying an additional 38,885 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Lancaster Colony Corp. by 68.6% in the first quarter. Goldman Sachs Group Inc. now owns 141,935 shares of the company’s stock worth $15,694,000 after buying an additional 57,738 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Lancaster Colony Corp. by 5.4% in the first quarter. Geode Capital Management LLC now owns 139,271 shares of the company’s stock worth $15,399,000 after buying an additional 7,178 shares in the last quarter. Hedge funds and other institutional investors own 51.93% of the company’s stock.
Lancaster Colony Corp. (NASDAQ:LANC) traded down 1.07% during midday trading on Tuesday, hitting $132.33. 25,647 shares of the stock were exchanged. The stock has a market cap of $3.63 billion, a P/E ratio of 29.80 and a beta of 0.81. Lancaster Colony Corp. has a one year low of $95.78 and a one year high of $137.71. The firm has a 50-day moving average price of $132.86 and a 200-day moving average price of $124.47.
Lancaster Colony Corp. (NASDAQ:LANC) last announced its earnings results on Thursday, August 18th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The business had revenue of $284.50 million for the quarter, compared to analyst estimates of $291.72 million. Lancaster Colony Corp. had a net margin of 10.22% and a return on equity of 23.29%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. On average, equities research analysts anticipate that Lancaster Colony Corp. will post $4.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.50%. Lancaster Colony Corp.’s dividend payout ratio (DPR) is presently 45.05%.
LANC has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Lancaster Colony Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Wedbush restated a “neutral” rating and set a $106.00 price objective (down from $121.00) on shares of Lancaster Colony Corp. in a research report on Friday, August 19th. Finally, DA Davidson upped their target price on shares of Lancaster Colony Corp. from $120.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, August 8th.
About Lancaster Colony Corp.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products, including salad dressings and sauces; fruit glazes, vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls, as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts.
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