Lancaster Colony Corp. (NASDAQ:LANC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $132.06 and last traded at $130.71, with a volume of 68,292 shares changing hands. The stock had previously closed at $129.86.

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

The firm has a market capitalization of $3.56 billion and a PE ratio of 30.51. The firm has a 50 day moving average of $126.22 and a 200-day moving average of $115.08.

A number of large investors have recently made changes to their positions in 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 in 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 in 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 in the last quarter. 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 in the last quarter. Finally, Swiss National Bank raised 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 valued at $2,936,000 after buying an additional 1,326 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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