Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1 Shares of Lancaster Colony Corporation (LANC)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Lancaster Colony Corporation (NASDAQ:LANC) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,844 shares of the company’s stock after selling 1 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lancaster Colony Corporation were worth $349,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of Lancaster Colony Corporation in the 1st quarter valued at about $691,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Lancaster Colony Corporation by 34.3% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,873 shares of the company’s stock valued at $499,000 after purchasing an additional 989 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Lancaster Colony Corporation by 2.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 129,550 shares of the company’s stock valued at $16,692,000 after purchasing an additional 3,234 shares during the period. Prudential Financial Inc. raised its stake in shares of Lancaster Colony Corporation by 16.8% in the 2nd quarter. Prudential Financial Inc. now owns 130,818 shares of the company’s stock valued at $16,041,000 after purchasing an additional 18,810 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Lancaster Colony Corporation by 0.4% in the 1st quarter. Teachers Advisors LLC now owns 155,018 shares of the company’s stock valued at $19,973,000 after purchasing an additional 566 shares during the period. 49.80% of the stock is currently owned by hedge funds and other institutional investors.
Lancaster Colony Corporation (NASDAQ:LANC) opened at 117.50 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 27.98 and a beta of 1.02. The stock has a 50 day moving average price of $119.30 and a 200 day moving average price of $124.27. Lancaster Colony Corporation has a one year low of $113.34 and a one year high of $149.30.
Lancaster Colony Corporation (NASDAQ:LANC) last announced its quarterly earnings data on Thursday, August 17th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.08). Lancaster Colony Corporation had a net margin of 9.59% and a return on equity of 22.76%. The company had revenue of $289.90 million for the quarter, compared to analyst estimates of $295.05 million. During the same quarter in the prior year, the company posted $1.12 EPS. Lancaster Colony Corporation’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Lancaster Colony Corporation will post $4.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.87%. Lancaster Colony Corporation’s dividend payout ratio is currently 52.26%.
Several analysts have issued reports on LANC shares. Wedbush reissued a “buy” rating on shares of Lancaster Colony Corporation in a research note on Friday, August 18th. Vertical Group raised Lancaster Colony Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $123.00 to $146.00 in a research note on Tuesday, May 30th. Zacks Investment Research raised Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, BidaskClub raised Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Lancaster Colony Corporation currently has a consensus rating of “Hold” and an average price target of $152.00.
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Lancaster Colony Corporation Company Profile
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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