Mason Street Advisors LLC Buys 163 Shares of Lancaster Colony Corp. (LANC)

Share on StockTwits

Mason Street Advisors LLC lifted its stake in Lancaster Colony Corp. (NASDAQ:LANC) by 1.6% in the 1st quarter, HoldingsChannel reports. The fund owned 10,386 shares of the company’s stock after purchasing an additional 163 shares during the quarter. Mason Street Advisors LLC’s holdings in Lancaster Colony were worth $1,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truehand Inc acquired a new position in Lancaster Colony during the 4th quarter valued at about $25,000. Captrust Financial Advisors increased its position in Lancaster Colony by 79.8% during the 4th quarter. Captrust Financial Advisors now owns 151 shares of the company’s stock valued at $27,000 after buying an additional 67 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Lancaster Colony by 111.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 285 shares of the company’s stock valued at $45,000 after buying an additional 150 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in Lancaster Colony during the 1st quarter valued at about $52,000. Finally, Capital Investment Advisory Services LLC acquired a new position in Lancaster Colony during the 4th quarter valued at about $66,000. 55.14% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:LANC opened at $146.00 on Monday. Lancaster Colony Corp. has a 1 year low of $125.06 and a 1 year high of $194.38. The stock has a market cap of $4.02 billion, a P/E ratio of 28.18 and a beta of 0.27.

Lancaster Colony (NASDAQ:LANC) last announced its earnings results on Thursday, April 25th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.10). The business had revenue of $317.80 million for the quarter, compared to analyst estimates of $325.01 million. Lancaster Colony had a net margin of 11.60% and a return on equity of 20.76%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.60 annualized dividend and a yield of 1.78%.

Separately, BidaskClub lowered Lancaster Colony from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th.

ILLEGAL ACTIVITY NOTICE: “Mason Street Advisors LLC Buys 163 Shares of Lancaster Colony Corp. (LANC)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/4354070/mason-street-advisors-llc-buys-163-shares-of-lancaster-colony-corp-lanc.html.

Lancaster Colony Company Profile

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates through two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand name; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardini's, and Girard's brands; and vegetable dips and fruit dips under the Marzetti brand.

Recommended Story: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding LANC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lancaster Colony Corp. (NASDAQ:LANC).

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

Receive News & Ratings for Lancaster Colony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancaster Colony and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Autoliv  PT Lowered to $62.00 at Buckingham Research
Autoliv PT Lowered to $62.00 at Buckingham Research
Shotspotter  Cut to “Market Perform” at Northland Securities
Shotspotter Cut to “Market Perform” at Northland Securities
Buckingham Research Increases Sonic Automotive  Price Target to $20.00
Buckingham Research Increases Sonic Automotive Price Target to $20.00
Vail Resorts  Earns Market Perform Rating from Analysts at Wells Fargo & Co
Vail Resorts Earns Market Perform Rating from Analysts at Wells Fargo & Co
Johnson Outdoors  Downgraded by Sidoti
Johnson Outdoors Downgraded by Sidoti
Autoliv  Stock Rating Upgraded by Robert W. Baird
Autoliv Stock Rating Upgraded by Robert W. Baird


© 2006-2019 Ticker Report