Lancaster Colony Corporation (LANC) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors raised its stake in shares of Lancaster Colony Corporation (NASDAQ:LANC) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,988 shares of the company’s stock after buying an additional 490 shares during the period. Nationwide Fund Advisors owned approximately 0.16% of Lancaster Colony Corporation worth $5,394,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in Lancaster Colony Corporation during the 1st quarter valued at about $691,000. Prudential Financial Inc. increased its stake in Lancaster Colony Corporation by 16.8% during the 2nd quarter. Prudential Financial Inc. now owns 130,818 shares of the company’s stock valued at $16,041,000 after buying an additional 18,810 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Lancaster Colony Corporation by 2.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 129,550 shares of the company’s stock valued at $16,692,000 after buying an additional 3,234 shares during the period. Capital Fund Management S.A. increased its stake in Lancaster Colony Corporation by 133.0% during the 2nd quarter. Capital Fund Management S.A. now owns 12,788 shares of the company’s stock valued at $1,568,000 after buying an additional 7,300 shares during the period. Finally, Teachers Advisors LLC increased its stake in Lancaster Colony Corporation by 0.4% during the 1st quarter. Teachers Advisors LLC now owns 155,018 shares of the company’s stock valued at $19,973,000 after buying 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 (LANC) opened at 121.93 on Thursday. Lancaster Colony Corporation has a 1-year low of $113.34 and a 1-year high of $149.30. The firm’s 50-day moving average is $118.12 and its 200 day moving average is $123.41. The firm has a market cap of $3.35 billion, a PE ratio of 29.03 and a beta of 1.03.
Lancaster Colony Corporation (NASDAQ:LANC) last released its quarterly earnings results on Thursday, August 17th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $289.90 million during the quarter, compared to the consensus estimate of $295.05 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that Lancaster Colony Corporation will post $4.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. Lancaster Colony Corporation’s dividend payout ratio is 52.26%.
LANC has been the topic of several research analyst reports. Zacks Investment Research raised shares of Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub raised shares of Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Wedbush reissued a “buy” rating on shares of Lancaster Colony Corporation in a research note on Friday, August 18th. One investment 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. The company presently has an average rating of “Hold” and a consensus price target of $154.67.
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Lancaster Colony Corporation 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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