Lancaster Colony Corp. (NASDAQ:LANC) reached a new 52-week high during trading on Friday . The company traded as high as $132.06 and last traded at $130.71, with a volume of 68,292 shares. The stock had previously closed at $129.86.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Lancaster Colony Corp. from a “hold” rating to a “strong-buy” rating and set a $147.00 price target on the stock in a report on Wednesday, July 13th. BB&T Corp. cut 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 reaffirmed a “hold” rating on shares of Lancaster Colony Corp. in a report on Saturday, April 30th. Finally, DA Davidson assumed coverage on shares of Lancaster Colony Corp. in a report on Wednesday, April 27th. They issued a “neutral” rating and a $115.00 price target on the stock.

The firm’s 50-day moving average price is $126.08 and its 200-day moving average price is $114.97. The firm has a market capitalization of $3.56 billion and a price-to-earnings ratio of 30.51.

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 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, June 7th.

A number of large investors have made changes to their positions in the company. Russell Frank Co boosted its stake in shares of Lancaster Colony Corp. by 3,026.1% in the fourth quarter. Russell Frank Co now owns 32,949 shares of the company’s stock worth $3,871,000 after buying an additional 31,895 shares during the period. 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 worth $1,166,000 after buying an additional 1,798 shares during the period. Swiss National Bank boosted its stake in shares of Lancaster Colony Corp. by 5.5% in the fourth quarter. Swiss National Bank now owns 25,426 shares of the company’s stock worth $2,936,000 after buying an additional 1,326 shares during the period. First Trust Advisors LP boosted its stake in shares of Lancaster Colony Corp. by 317.5% in the fourth quarter. First Trust Advisors LP now owns 58,883 shares of the company’s stock worth $6,799,000 after buying an additional 44,779 shares during the period. Finally, Rhumbline Advisers boosted 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 worth $4,417,000 after buying an additional 768 shares during the period.

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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