Landec Co. (LNDC) Stake Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in Landec Co. (NASDAQ:LNDC) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,955 shares of the basic materials company’s stock after purchasing an additional 20,404 shares during the quarter. Wells Fargo & Company MN owned 0.94% of Landec worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Landec by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,310,744 shares of the basic materials company’s stock worth $29,924,000 after buying an additional 13,077 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Landec by 4.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 117,389 shares of the basic materials company’s stock worth $1,480,000 after buying an additional 5,148 shares during the last quarter. First Trust Advisors LP purchased a new position in Landec in the 3rd quarter worth about $281,000. Russell Investments Group Ltd. raised its position in Landec by 14.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 209,607 shares of the basic materials company’s stock worth $2,714,000 after buying an additional 26,767 shares during the last quarter. Finally, Walthausen & Co. LLC raised its position in Landec by 327.0% in the 3rd quarter. Walthausen & Co. LLC now owns 832,715 shares of the basic materials company’s stock worth $10,784,000 after buying an additional 637,711 shares during the last quarter. 93.95% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on LNDC. BidaskClub raised Landec from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised Landec from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Maxim Group reissued a “buy” rating and issued a $18.00 target price on shares of Landec in a research report on Tuesday, April 3rd. Finally, Sidoti began coverage on Landec in a research report on Wednesday, December 13th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.33.

NASDAQ LNDC opened at $13.50 on Friday. Landec Co. has a 52 week low of $11.42 and a 52 week high of $14.95. The stock has a market cap of $372.11, a PE ratio of 48.21 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.19.

Landec (NASDAQ:LNDC) last released its quarterly earnings results on Tuesday, April 3rd. The basic materials company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Landec had a net margin of 3.95% and a return on equity of 3.24%. The firm had revenue of $149.32 million during the quarter, compared to analyst estimates of $146.09 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts forecast that Landec Co. will post 0.4 EPS for the current fiscal year.

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Landec Company Profile

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through three segments: Packaged Fresh Vegetables, Food Export, and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

Institutional Ownership by Quarter for Landec (NASDAQ:LNDC)

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