Shares of Lancaster Colony Corp. (NASDAQ:LANC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $129.45 and last traded at $129.43, with a volume of 16,979 shares. The stock had previously closed at $128.24.

Several equities analysts have recently weighed in on the company. 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 “strong-buy” rating and set a $147.00 target price on the stock in a research report on Wednesday, July 13th. DA Davidson assumed coverage on Lancaster Colony Corp. in a research report on Wednesday, April 27th. They set a “neutral” rating and a $115.00 target price on the stock. Finally, BB&T Corp. downgraded Lancaster Colony Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. They noted that the move was a valuation call.

The firm has a market cap of $3.54 billion and a P/E ratio of 30.31. The company’s 50-day moving average is $125.23 and its 200 day moving average is $114.46.

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

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

A number of hedge funds have modified their holdings of LANC. Comerica Bank raised its stake 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. Mutual of America Capital Management LLC raised 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. California State Teachers Retirement System raised its stake 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. Rhumbline Advisers raised its stake 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. Finally, TD Asset Management Inc. raised 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.

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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