Lancaster Colony Corp. (NASDAQ:LANC) declared a quarterly dividend on Monday, November 21st. Investors of record on Friday, December 9th will be paid a dividend of 0.55 per share on Friday, December 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.59%. This is a positive change from Lancaster Colony Corp.’s previous quarterly dividend of $0.50.

Shares of Lancaster Colony Corp. (NASDAQ:LANC) traded down 0.04% during trading on Monday, hitting $138.11. 30,903 shares of the company were exchanged. The stock has a market cap of $3.79 billion, a P/E ratio of 29.70 and a beta of 0.82. The company’s 50-day moving average price is $132.53 and its 200 day moving average price is $128.58. Lancaster Colony Corp. has a 12 month low of $95.78 and a 12 month high of $138.97.

Lancaster Colony Corp. (NASDAQ:LANC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $294.10 million for the quarter, compared to the consensus estimate of $304.30 million. Lancaster Colony Corp. had a net margin of 10.73% and a return on equity of 25.14%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, equities analysts predict that Lancaster Colony Corp. will post $4.79 earnings per share for the current fiscal year.

Dividend History for Lancaster Colony Corp. (NASDAQ:LANC)

Several institutional investors have recently modified their holdings of the stock. WBI Investments Inc. increased its position in shares of Lancaster Colony Corp. by 3.2% in the second quarter. WBI Investments Inc. now owns 77,073 shares of the company’s stock worth $9,835,000 after buying an additional 2,360 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of Lancaster Colony Corp. by 11.9% in the second quarter. Teachers Advisors Inc. now owns 147,836 shares of the company’s stock worth $18,865,000 after buying an additional 15,670 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Lancaster Colony Corp. by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 58,999 shares of the company’s stock worth $7,529,000 after buying an additional 975 shares in the last quarter. TFS Capital LLC acquired a new position in shares of Lancaster Colony Corp. during the second quarter worth approximately $538,000. Finally, Sei Investments Co. increased its position in shares of Lancaster Colony Corp. by 1.0% in the second quarter. Sei Investments Co. now owns 3,137 shares of the company’s stock worth $400,000 after buying an additional 30 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $106.00 price target (down previously from $121.00) on shares of Lancaster Colony Corp. in a research note on Friday, August 19th. Longbow Research assumed coverage on shares of Lancaster Colony Corp. in a research note on Friday, November 4th. They set a “neutral” rating on the stock. DA Davidson increased their price target on shares of Lancaster Colony Corp. from $120.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research raised shares of Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $126.25.

Lancaster Colony Corp. Company Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products, including salad dressings and sauces; fruit glazes, vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls, as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts.

5 Day Chart for NASDAQ:LANC

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