Lancaster Colony Corporation (LANC) Stake Boosted by WINTON GROUP Ltd
WINTON GROUP Ltd lifted its holdings in Lancaster Colony Corporation (NASDAQ:LANC) by 109.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,976 shares of the company’s stock after purchasing an additional 31,379 shares during the period. WINTON GROUP Ltd owned 0.22% of Lancaster Colony Corporation worth $7,354,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Credit Agricole S A increased 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 purchasing an additional 66 shares during the period. LS Investment Advisors LLC increased 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 purchasing an additional 257 shares during the period. Cypress Wealth Advisors LLC increased 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 purchasing an additional 54 shares during the period. Capstone Asset Management Co. increased its stake in shares of Lancaster Colony Corporation by 4.6% in the second quarter. Capstone Asset Management Co. now owns 1,832 shares of the company’s stock worth $225,000 after purchasing an additional 80 shares during the period. Finally, Stifel Financial Corp bought a new position in shares of Lancaster Colony Corporation in the first quarter worth about $261,000. Institutional investors and hedge funds own 49.80% of the company’s stock.
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A number of equities analysts have recently commented on the company. Wedbush reiterated a “buy” rating on shares of Lancaster Colony Corporation in a research note on Friday, August 18th. BidaskClub upgraded Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research upgraded Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $154.67.
Shares of Lancaster Colony Corporation (NASDAQ LANC) traded up 0.93% during trading on Monday, reaching $121.91. The company had a trading volume of 19,503 shares. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 29.03 and a beta of 1.03. The firm has a 50 day moving average price of $119.01 and a 200 day moving average price of $122.96. Lancaster Colony Corporation has a 12 month low of $113.34 and a 12 month high of $149.30.
Lancaster Colony Corporation (NASDAQ:LANC) last issued its earnings results on Thursday, August 17th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.08). Lancaster Colony Corporation had a net margin of 9.59% and a return on equity of 22.76%. The firm had revenue of $289.90 million during the quarter, compared to analyst estimates of $295.05 million. During the same quarter last year, the business posted $1.12 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that Lancaster Colony Corporation will post $4.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.20 annualized dividend and a yield of 1.82%. Lancaster Colony Corporation’s dividend payout ratio is currently 52.26%.
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.
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