Lancaster Colony Corp. (NASDAQ:LANC) shares hit a new 52-week high during 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.

LANC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Lancaster Colony Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 19th. BB&T Corp. lowered shares of Lancaster Colony Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. They noted that the move was a valuation call. DA Davidson initiated 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 target on the stock. Finally, Wedbush increased their price target on shares of Lancaster Colony Corp. from $104.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, April 29th.

The stock has a 50 day moving average of $125.43 and a 200-day moving average of $114.57. The stock has a market capitalization of $3.54 billion and a price-to-earnings ratio of 30.35.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 9th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.55%.

Other large investors have made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Lancaster Colony Corp. by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 527,603 shares of the company’s stock worth $60,919,000 after buying an additional 22,600 shares during the last quarter. Systematic Financial Management LP boosted its stake in Lancaster Colony Corp. by 161.1% in the fourth quarter. Systematic Financial Management LP now owns 36,655 shares of the company’s stock valued at $4,232,000 after buying an additional 22,615 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Lancaster Colony Corp. by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 62,879 shares of the company’s stock valued at $7,260,000 after buying an additional 2,197 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in 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 in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in 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 in 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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