Bessemer Group Inc. raised its stake in Lancaster Colony Corporation (NASDAQ:LANC) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,300 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Bessemer Group Inc. owned approximately 0.07% of Lancaster Colony Corporation worth $2,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in shares of Lancaster Colony Corporation by 31.8% in the second quarter. Advisory Services Network LLC now owns 1,325 shares of the company’s stock worth $162,000 after acquiring an additional 320 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Lancaster Colony Corporation by 19.8% in the second quarter. LS Investment Advisors LLC now owns 1,557 shares of the company’s stock worth $191,000 after acquiring an additional 257 shares during the last quarter. Capstone Asset Management Co. raised its holdings in shares of Lancaster Colony Corporation by 4.6% in the second quarter. Capstone Asset Management Co. now owns 1,832 shares of the company’s stock worth $225,000 after acquiring an additional 80 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Lancaster Colony Corporation in the third quarter worth $243,000. Finally, Riverhead Capital Management LLC raised its holdings in shares of Lancaster Colony Corporation by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 2,165 shares of the company’s stock worth $265,000 after acquiring an additional 865 shares during the last quarter. 49.90% of the stock is owned by institutional investors.

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Lancaster Colony Corporation (LANC) opened at $122.84 on Tuesday. The company has a market capitalization of $3,387.78, a price-to-earnings ratio of 27.56 and a beta of 1.04. Lancaster Colony Corporation has a 12 month low of $113.33 and a 12 month high of $149.30.

Lancaster Colony Corporation (NASDAQ:LANC) last released its earnings results on Thursday, October 26th. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). The business had revenue of $298.92 million during the quarter, compared to analyst estimates of $298.75 million. Lancaster Colony Corporation had a net margin of 9.20% and a return on equity of 21.50%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. research analysts expect that Lancaster Colony Corporation will post 4.75 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on LANC shares. BidaskClub raised Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Wedbush reissued a “buy” rating on shares of Lancaster Colony Corporation in a report on Friday, August 18th. Finally, Zacks Investment Research raised Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $154.67.

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.

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

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