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.
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.
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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.
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