O Shares Investment Advisers LLC Sells 419 Shares of Lancaster Colony Corp. (NASDAQ:LANC)

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O Shares Investment Advisers LLC lessened its holdings in shares of Lancaster Colony Corp. (NASDAQ:LANC) by 10.4% during the first quarter, HoldingsChannel.com reports. The firm owned 3,609 shares of the company’s stock after selling 419 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Lancaster Colony were worth $565,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Lancaster Colony by 0.3% in the first quarter. BlackRock Inc. now owns 2,236,744 shares of the company’s stock valued at $350,476,000 after buying an additional 6,088 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lancaster Colony by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 517,131 shares of the company’s stock valued at $91,457,000 after buying an additional 5,269 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Lancaster Colony by 26.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 435,532 shares of the company’s stock valued at $68,241,000 after buying an additional 91,985 shares during the period. Northern Trust Corp lifted its holdings in Lancaster Colony by 3.5% in the first quarter. Northern Trust Corp now owns 333,974 shares of the company’s stock valued at $52,330,000 after buying an additional 11,409 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Lancaster Colony by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 240,659 shares of the company’s stock valued at $42,562,000 after buying an additional 17,421 shares during the period. Institutional investors own 55.13% of the company’s stock.

Separately, BidaskClub lowered shares of Lancaster Colony from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 27th.

Shares of NASDAQ LANC traded up $0.09 during trading on Wednesday, hitting $150.85. 7,198 shares of the company traded hands, compared to its average volume of 136,290. Lancaster Colony Corp. has a fifty-two week low of $130.34 and a fifty-two week high of $194.38. The firm has a market capitalization of $4.06 billion, a P/E ratio of 28.50 and a beta of 0.31.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.60 annualized dividend and a dividend yield of 1.72%.

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

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