Shares of Lancaster Colony Corp. (NASDAQ:LANC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $136.06 and last traded at $130.60, with a volume of 34,095 shares traded. The stock had previously closed at $129.17.

LANC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Wednesday, May 4th. BB&T Corp. cut 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. Wedbush restated a “hold” rating on shares of Lancaster Colony Corp. in a research note on Saturday, April 30th. Finally, DA Davidson raised their target price on shares of Lancaster Colony Corp. from $120.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday.

The company has a 50 day moving average price of $127.29 and a 200 day moving average price of $115.71. The stock has a market capitalization of $3.60 billion and a price-to-earnings ratio of 30.81.

Other institutional investors recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. raised its position 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 worth $1,444,000 after buying an additional 4,267 shares in the last quarter. Mutual of America Capital Management LLC raised its position 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 worth $1,533,000 after buying an additional 390 shares in the last quarter. Comerica Bank raised its position 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 worth $1,546,000 after buying an additional 45 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Lancaster Colony Corp. by 161.1% in the fourth quarter. Systematic Financial Management LP now owns 36,655 shares of the company’s stock worth $4,232,000 after buying an additional 22,615 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Lancaster Colony Corp. by 7.6% in the fourth quarter. California Public Employees Retirement System now owns 59,700 shares of the company’s stock worth $6,893,000 after buying an additional 4,200 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.