ING Groep NV bought a new stake in Lancaster Colony Corporation (NASDAQ:LANC) during the second quarter, Holdings Channel reports. The fund bought 2,370 shares of the company’s stock, valued at approximately $291,000.

Several other large investors have also recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Lancaster Colony Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 154,452 shares of the company’s stock valued at $21,838,000 after buying an additional 5,024 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Lancaster Colony Corporation by 0.7% in the first quarter. Bank of Montreal Can now owns 12,642 shares of the company’s stock valued at $1,629,000 after buying an additional 82 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Lancaster Colony Corporation by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,900 shares of the company’s stock valued at $631,000 after buying an additional 100 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Lancaster Colony Corporation by 0.9% in the first quarter. Fisher Asset Management LLC now owns 403,475 shares of the company’s stock valued at $51,984,000 after buying an additional 3,764 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Lancaster Colony Corporation by 3.4% in the first quarter. Profund Advisors LLC now owns 2,821 shares of the company’s stock valued at $363,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 50.09% of the company’s stock.

Shares of Lancaster Colony Corporation (NASDAQ:LANC) traded up 0.20% during midday trading on Thursday, hitting $122.35. The company had a trading volume of 30,188 shares. The company has a 50-day moving average of $123.40 and a 200 day moving average of $127.44. The firm has a market capitalization of $3.36 billion, a PE ratio of 28.59 and a beta of 1.02. Lancaster Colony Corporation has a 12 month low of $117.50 and a 12 month high of $149.30.

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Several equities research analysts have weighed in on LANC shares. Zacks Investment Research cut Lancaster Colony Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Wedbush reiterated an “outperform” rating and issued a $160.00 target price on shares of Lancaster Colony Corporation in a report on Monday, April 24th. Vertical Research upgraded Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a report on Friday, May 26th. Finally, Vertical Group upgraded Lancaster Colony Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $123.00 to $146.00 in a report on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Lancaster Colony Corporation presently has an average rating of “Buy” and a consensus target price of $152.00.

About Lancaster Colony Corporation

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

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Institutional Ownership by Quarter for Lancaster Colony Corporation (NASDAQ:LANC)

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