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

LANC has been the topic of several research reports. Zacks Investment Research upgraded shares of Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Wednesday, May 4th. BB&T Corp. lowered shares of 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. Wedbush restated a “hold” rating on shares of Lancaster Colony Corp. in a report on Saturday, April 30th. Finally, DA Davidson started coverage on shares of Lancaster Colony Corp. in a research note on Wednesday, April 27th. They set a “neutral” rating and a $115.00 price objective on the stock.

The stock’s 50 day moving average price is $124.62 and its 200-day moving average price is $114.13. The stock has a market cap of $3.50 billion and a P/E ratio of 29.96.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $2.00 annualized dividend and a yield of 1.57%.

Several large investors have recently made changes to their positions in LANC. ProShare Advisors LLC boosted its stake in shares of Lancaster Colony Corp. by 23.7% in the fourth quarter. ProShare Advisors LLC now owns 9,963 shares of the company’s stock valued at $1,150,000 after buying an additional 1,906 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Lancaster Colony Corp. by 21.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 10,095 shares of the company’s stock valued at $1,166,000 after buying an additional 1,798 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Lancaster Colony Corp. by 11.2% in the fourth quarter. TD Asset Management Inc. now owns 10,883 shares of the company’s stock valued at $1,257,000 after buying an additional 1,100 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Lancaster Colony Corp. by 51.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 12,518 shares of the company’s stock valued at $1,444,000 after buying an additional 4,267 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake 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.

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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