Russell Investments Group Ltd. boosted its holdings in shares of Lancaster Colony Corporation (NASDAQ:LANC) by 14.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 29,200 shares of the company’s stock after acquiring an additional 3,657 shares during the period. Russell Investments Group Ltd. owned 0.11% of Lancaster Colony worth $3,507,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Lancaster Colony by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,887,011 shares of the company’s stock valued at $231,385,000 after buying an additional 11,486 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Lancaster Colony by 23.0% in the 2nd quarter. Renaissance Technologies LLC now owns 750,762 shares of the company’s stock valued at $92,058,000 after buying an additional 140,262 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Lancaster Colony by 5.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 730,573 shares of the company’s stock valued at $89,583,000 after buying an additional 35,303 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Lancaster Colony by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 495,572 shares of the company’s stock valued at $60,766,000 after buying an additional 3,146 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Lancaster Colony by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 419,791 shares of the company’s stock valued at $50,425,000 after buying an additional 16,908 shares during the period. 51.28% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on LANC shares. BidaskClub raised shares of Lancaster Colony from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Zacks Investment Research raised shares of Lancaster Colony from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $154.67.

Lancaster Colony Corporation (NASDAQ LANC) opened at $129.79 on Friday. Lancaster Colony Corporation has a fifty-two week low of $113.33 and a fifty-two week high of $149.30. The stock has a market cap of $3,590.00, a price-to-earnings ratio of 28.72 and a beta of 1.06.

Lancaster Colony (NASDAQ:LANC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.04). The firm had revenue of $298.92 million during the quarter, compared to analyst estimates of $298.75 million. Lancaster Colony had a net margin of 9.20% and a return on equity of 21.50%. Lancaster Colony’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. equities research analysts anticipate that Lancaster Colony Corporation will post 4.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.60 dividend. This is a boost from Lancaster Colony’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 7th. Lancaster Colony’s payout ratio is currently 59.26%.

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About Lancaster Colony

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 (NASDAQ:LANC)

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