2 weeks Ago By ABMN Staff
American Century Companies Inc. lifted its holdings in Lancaster Colony Co. ( NASDAQ:LANC – Free Report ) by 8.
7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,564 shares of the company’s stock after buying an additional 925 shares during the quarter. American Century Companies Inc.
’s holdings in Lancaster Colony were worth $2,185,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Consolidated Planning Corp boosted its stake in Lancaster Colony by 4.
5% in the 2nd quarter. Consolidated Planning Corp now owns 1,232 shares of the company’s stock worth $233,000 after purchasing an additional 53 shares in the last quarter. UMB Bank n.
a. boosted its stake in Lancaster Colony by 6.5% in the 1st quarter.
UMB Bank n.a. now owns 952 shares of the company’s stock worth $198,000 after purchasing an additional 58 shares in the last quarter.
Retirement Systems of Alabama boosted its stake in Lancaster Colony by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 25,570 shares of the company’s stock worth $5,309,000 after purchasing an additional 67 shares in the last quarter.
GAMMA Investing LLC boosted its stake in Lancaster Colony by 115.9% in the 2nd quarter. GAMMA Investing LLC now owns 177 shares of the company’s stock worth $33,000 after purchasing an additional 95 shares in the last quarter.
Finally, Arizona State Retirement System boosted its stake in Lancaster Colony by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,393 shares of the company’s stock worth $1,019,000 after purchasing an additional 99 shares in the last quarter.
66.44% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several equities analysts have issued reports on LANC shares.
Benchmark restated a “hold” rating on shares of Lancaster Colony in a research note on Wednesday, September 18th. Loop Capital lowered their target price on shares of Lancaster Colony from $236.00 to $232.
00 and set a “buy” rating on the stock in a research note on Monday, August 26th. StockNews.com cut shares of Lancaster Colony from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.
Finally, Stephens lowered their target price on shares of Lancaster Colony from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd.
Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lancaster Colony currently has a consensus rating of “Hold” and a consensus price target of $195.75.
Lancaster Colony Trading Down 0.3 % Shares of LANC stock opened at $178.72 on Friday.
Lancaster Colony Co. has a twelve month low of $160.01 and a twelve month high of $215.
31. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 37.
08 and a beta of 0.35. The stock has a fifty day simple moving average of $183.
03 and a two-hundred day simple moving average of $188.93. Lancaster Colony ( NASDAQ:LANC – Get Free Report ) last released its quarterly earnings results on Thursday, August 22nd.
The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.
06). The company had revenue of $452.83 million during the quarter, compared to the consensus estimate of $462.
70 million. Lancaster Colony had a return on equity of 19.61% and a net margin of 8.
47%. Research analysts predict that Lancaster Colony Co. will post 6.
96 EPS for the current fiscal year. Lancaster Colony Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a $0.
90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.
01%. The ex-dividend date of this dividend is Monday, September 9th. Lancaster Colony’s dividend payout ratio is presently 74.
69%. Insider Activity In other news, Director Elliot K. Fullen acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, August 27th.
The shares were acquired at an average cost of $169.00 per share, with a total value of $507,000.00.
Following the completion of the acquisition, the director now owns 5,298 shares of the company’s stock, valued at $895,362. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website . Corporate insiders own 29.
60% of the company’s stock. Lancaster Colony Profile ( Free Report ) Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice.
The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand. Featured Stories 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 .
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