Huntington National Bank decreased its position in Lancaster Colony Corp. (NASDAQ:LANC) by 69.5% during the 1st quarter, HoldingsChannel reports. The fund owned 1,787 shares of the company’s stock after selling 4,067 shares during the quarter. Huntington National Bank’s holdings in Lancaster Colony were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of LANC. Tibra Equities Europe Ltd acquired a new position in shares of Lancaster Colony in the first quarter valued at approximately $2,084,000. Dorsey Wright & Associates purchased a new stake in Lancaster Colony during the first quarter worth approximately $1,919,000. American Century Companies Inc. purchased a new stake in Lancaster Colony during the fourth quarter worth approximately $2,298,000. Geode Capital Management LLC grew its stake in Lancaster Colony by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 240,659 shares of the company’s stock worth $42,562,000 after buying an additional 17,421 shares during the period. Finally, Norges Bank purchased a new stake in Lancaster Colony during the fourth quarter worth approximately $39,635,000. 53.76% of the stock is currently owned by institutional investors and hedge funds.

LANC opened at $154.90 on Monday. Lancaster Colony Corp. has a 52-week low of $120.51 and a 52-week high of $194.38. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 30.95 and a beta of 0.30.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.60 annualized dividend and a yield of 1.68%.

Separately, BidaskClub downgraded shares of Lancaster Colony from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 27th.

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About Lancaster Colony

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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Want to see what other hedge funds are holding LANC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lancaster Colony Corp. (NASDAQ:LANC).

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

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