Dorsey Wright & Associates acquired a new stake in shares of Lancaster Colony Corp. (NASDAQ:LANC) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,247 shares of the company’s stock, valued at approximately $1,919,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LANC. Robeco Institutional Asset Management B.V. acquired a new stake in Lancaster Colony during the 4th quarter valued at approximately $60,626,000. Norges Bank acquired a new stake in Lancaster Colony during the 4th quarter valued at approximately $39,635,000. Victory Capital Management Inc. acquired a new stake in Lancaster Colony during the 4th quarter valued at approximately $26,687,000. Acadian Asset Management LLC lifted its stake in Lancaster Colony by 128.5% during the 4th quarter. Acadian Asset Management LLC now owns 91,059 shares of the company’s stock valued at $16,107,000 after acquiring an additional 51,207 shares during the period. Finally, Man Group plc lifted its stake in Lancaster Colony by 184.8% during the 3rd quarter. Man Group plc now owns 74,789 shares of the company’s stock valued at $11,159,000 after acquiring an additional 48,529 shares during the period. Institutional investors and hedge funds own 53.76% of the company’s stock.

NASDAQ:LANC opened at $156.00 on Friday. The company has a market cap of $4.25 billion, a PE ratio of 30.46 and a beta of 0.30. Lancaster Colony Corp. has a 1-year low of $120.51 and a 1-year high of $194.38.

Lancaster Colony (NASDAQ:LANC) last posted its earnings results on Thursday, January 31st. The company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $349.58 million for the quarter. Lancaster Colony had a net margin of 11.56% and a return on equity of 20.95%.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, March 7th.

Separately, BidaskClub upgraded shares of Lancaster Colony from a “hold” rating to a “buy” rating in a research note on Saturday, December 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $150.00.

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Lancaster Colony Profile

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates through two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand name; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardini's, and Girard's brands; and vegetable dips and fruit dips under the Marzetti brand.

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

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