Captrust Financial Advisors increased its stake in shares of Lancaster Colony Corp. (NASDAQ:LANC) by 79.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151 shares of the company’s stock after buying an additional 67 shares during the period. Captrust Financial Advisors’ holdings in Lancaster Colony were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its position in Lancaster Colony by 1.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,113 shares of the company’s stock worth $904,000 after purchasing an additional 78 shares during the period. Securian Asset Management Inc boosted its position in Lancaster Colony by 4.2% during the fourth quarter. Securian Asset Management Inc now owns 2,457 shares of the company’s stock worth $435,000 after purchasing an additional 100 shares during the period. First Hawaiian Bank boosted its position in Lancaster Colony by 200.0% during the fourth quarter. First Hawaiian Bank now owns 183 shares of the company’s stock worth $32,000 after purchasing an additional 122 shares during the period. State of Alaska Department of Revenue boosted its position in Lancaster Colony by 5.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,610 shares of the company’s stock worth $461,000 after purchasing an additional 138 shares during the period. Finally, Truehand Inc bought a new position in Lancaster Colony during the fourth quarter worth about $25,000. Institutional investors and hedge funds own 52.94% of the company’s stock.

Shares of NASDAQ:LANC opened at $153.58 on Thursday. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 30.28 and a beta of 0.31. Lancaster Colony Corp. has a twelve month low of $117.53 and a twelve month high of $194.38.

Lancaster Colony (NASDAQ:LANC) last issued its earnings results on Thursday, January 31st. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $349.58 million for the quarter. Lancaster Colony had a return on equity of 20.95% and a net margin of 11.56%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 1.69%.

Separately, BidaskClub upgraded shares of Lancaster Colony from a “hold” rating to a “buy” rating in a research report on Saturday, December 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Lancaster Colony presently has a consensus rating of “Hold” and a consensus target price of $150.00.

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Lancaster Colony Company Profile

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates through two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand name; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardini's, and Girard's brands; and vegetable dips and fruit dips under the Marzetti brand.

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

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