Laurion Capital Management LP purchased a new stake in shares of Lancaster Colony Corporation (NASDAQ:LANC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,500 shares of the company’s stock, valued at approximately $797,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. bought a new position in shares of Lancaster Colony Corporation during the first quarter valued at about $174,000. LS Investment Advisors LLC lifted its position in shares of Lancaster Colony Corporation by 19.8% during the second quarter. LS Investment Advisors LLC now owns 1,557 shares of the company’s stock valued at $191,000 after purchasing an additional 257 shares in the last quarter. Credit Agricole S A lifted its position in shares of Lancaster Colony Corporation by 4.5% during the first quarter. Credit Agricole S A now owns 1,522 shares of the company’s stock valued at $196,000 after purchasing an additional 66 shares in the last quarter. Cypress Wealth Advisors LLC lifted its position in shares of Lancaster Colony Corporation by 3.4% during the first quarter. Cypress Wealth Advisors LLC now owns 1,622 shares of the company’s stock valued at $209,000 after purchasing an additional 54 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its position in shares of Lancaster Colony Corporation by 4.6% during the second quarter. Capstone Asset Management Co. now owns 1,832 shares of the company’s stock valued at $225,000 after purchasing an additional 80 shares in the last quarter. 49.80% of the stock is currently owned by institutional investors.

Shares of Lancaster Colony Corporation (NASDAQ LANC) opened at 117.72 on Tuesday. The firm has a 50-day moving average of $119.30 and a 200 day moving average of $124.27. Lancaster Colony Corporation has a 12 month low of $113.34 and a 12 month high of $149.30. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 28.03 and a beta of 1.02.

Lancaster Colony Corporation (NASDAQ:LANC) last issued its quarterly earnings data on Thursday, August 17th. The company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.08). Lancaster Colony Corporation had a return on equity of 22.76% and a net margin of 9.59%. The business had revenue of $289.90 million during the quarter, compared to the consensus estimate of $295.05 million. During the same quarter last year, the company earned $1.12 EPS. Lancaster Colony Corporation’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect that Lancaster Colony Corporation will post $4.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, September 7th. Lancaster Colony Corporation’s dividend payout ratio is 52.26%.

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A number of research analysts recently weighed in on LANC shares. Wedbush reissued a “buy” rating on shares of Lancaster Colony Corporation in a research report on Friday, August 18th. Vertical Group raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $123.00 to $146.00 in a research report on Tuesday, May 30th. Zacks Investment Research raised shares of Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, BidaskClub raised shares of Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $152.00.

About Lancaster Colony Corporation

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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