Lancaster Colony Corp. (NASDAQ:LANC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $136.06 and last traded at $130.60, with a volume of 34,095 shares. The stock had previously closed at $129.17.

LANC has been the topic of a number of analyst reports. Zacks Investment Research raised Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock 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 reissued a “hold” rating on shares of Lancaster Colony Corp. in a research note on Saturday, April 30th. Finally, DA Davidson lifted their price target on Lancaster Colony Corp. from $120.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday.

The firm’s 50-day moving average is $127.67 and its 200-day moving average is $115.92. The firm has a market cap of $3.57 billion and a P/E ratio of 30.54.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted 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 during the period. Comerica Bank boosted 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 during the period. Systematic Financial Management LP boosted 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 during the period. Principal Financial Group Inc. boosted its position in shares of Lancaster Colony Corp. by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 62,879 shares of the company’s stock worth $7,260,000 after buying an additional 2,197 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position 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 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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