Public Employees Retirement Association of Colorado continued to hold its stake in shares of Lancaster Colony Corporation (NASDAQ:LANC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,874 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned 0.51% of Lancaster Colony Corporation worth $17,151,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Lancaster Colony Corporation during the first quarter worth about $129,000. Harfst & Associates Inc. purchased a new stake in shares of Lancaster Colony Corporation during the first quarter worth about $174,000. Credit Agricole S A boosted its stake in shares of Lancaster Colony Corporation by 4.5% in the first quarter. Credit Agricole S A now owns 1,522 shares of the company’s stock worth $196,000 after buying an additional 66 shares during the period. LS Investment Advisors LLC boosted its stake 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 buying an additional 257 shares during the period. Finally, Cypress Wealth Advisors LLC boosted its stake in shares of Lancaster Colony Corporation by 3.4% in the first quarter. Cypress Wealth Advisors LLC now owns 1,622 shares of the company’s stock worth $209,000 after buying an additional 54 shares during the period. 50.09% of the stock is owned by hedge funds and other institutional investors.

Lancaster Colony Corporation (LANC) traded up 1.13% during mid-day trading on Friday, hitting $123.11. The stock had a trading volume of 79,443 shares. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 28.76 and a beta of 1.02. Lancaster Colony Corporation has a 12-month low of $117.50 and a 12-month high of $149.30. The company has a 50-day moving average of $123.35 and a 200-day moving average of $127.29.

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A number of research firms have weighed in on LANC. Vertical Research raised Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Zacks Investment Research raised Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Vertical Group raised Lancaster Colony Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $123.00 to $146.00 in a research report on Tuesday, May 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Lancaster Colony Corporation in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $152.00.

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.

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

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