Lancaster Colony Corp. (NASDAQ:LANC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $129.12 and last traded at $127.82, with a volume of 49,647 shares. The stock had previously closed at $127.83.

Several research firms recently weighed in on LANC. Wedbush reissued a “hold” rating on shares of Lancaster Colony Corp. in a research report on Saturday, April 30th. Zacks Investment Research raised Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Wednesday, May 4th. DA Davidson initiated coverage on Lancaster Colony Corp. in a report on Wednesday, April 27th. They issued a “neutral” rating and a $115.00 price target for the company. Finally, BB&T Corp. cut Lancaster Colony Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 9th. They noted that the move was a valuation call.

The company’s 50-day moving average is $124.22 and its 200-day moving average is $113.94. The stock has a market capitalization of $3.49 billion and a PE ratio of 29.91.

Lancaster Colony Corp. (NASDAQ:LANC) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.23. The firm earned $287.80 million during the quarter, compared to analyst estimates of $278.49 million. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Lancaster Colony Corp. will post $4.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, June 7th.

Several institutional investors recently made changes to their positions in LANC. Comerica Bank boosted its position in shares of Lancaster Colony Corp. by 0.3% in the fourth quarter. Comerica Bank now owns 13,566 shares of the company’s stock valued at $1,546,000 after buying an additional 45 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Lancaster Colony Corp. by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 24,966 shares of the company’s stock valued at $2,883,000 after buying an additional 330 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Lancaster Colony Corp. by 3.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 13,276 shares of the company’s stock valued at $1,533,000 after buying an additional 390 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Lancaster Colony Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 34,346 shares of the company’s stock valued at $3,966,000 after buying an additional 622 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Lancaster Colony Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 38,252 shares of the company’s stock valued at $4,417,000 after buying an additional 768 shares during the last quarter.

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products, including salad dressings and sauces; fruit glazes, vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls, as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts.

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