Lancaster Colony Corp. (NASDAQ:LANC)’s share price dropped 1% on Monday . The stock traded as low as $129.48 and last traded at $129.63, with a volume of 71,676 shares trading hands. The stock had previously closed at $130.91.

LANC has been the subject of several recent research reports. Zacks Investment Research lowered shares of Lancaster Colony Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 19th. 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. DA Davidson started coverage on shares of Lancaster Colony Corp. in a research note on Wednesday, April 27th. They issued a “neutral” rating and a $115.00 price target on the stock. Finally, Wedbush lifted their price target on shares of Lancaster Colony Corp. from $104.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, April 29th.

The stock’s 50 day moving average price is $127.99 and its 200-day moving average price is $116.18. The company has a market cap of $3.56 billion and a PE ratio of 30.48.

Other large investors have recently bought and sold shares of the company. Comerica Bank increased its stake in 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 during the last quarter. Mutual of America Capital Management LLC increased 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in Lancaster Colony Corp. by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 527,603 shares of the company’s stock valued at $60,919,000 after buying an additional 22,600 shares during the last quarter. Finally, Systematic Financial Management LP increased 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 during 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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