Today: Robeco Institutional Asset Management B.V. decides to keep it stake in Lancaster Colony Corp. (LANC) to the level of $33,280,000

Today: Robeco Institutional Asset Management B.V. decides to keep it stake in Lancaster Colony Corp. (LANC) to the level of $33,280,000

Robeco Institutional Asset Management B.V. increased its stake in Lancaster Colony Corp. (NASDAQ:LANC) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,947 shares of the company’s stock after buying an additional 3,573 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.92% of Lancaster Colony Corp. worth $33,280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Equity Partners LLC bought a new position in shares of Lancaster Colony Corp. during the second quarter valued at $906,000. Geode Capital Management LLC raised its position in shares of Lancaster Colony Corp. by 5.4% in the first quarter. Geode Capital Management LLC now owns 139,271 shares of the company’s stock valued at $15,399,000 after buying an additional 7,178 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Lancaster Colony Corp. by 4.1% in the second quarter. BlackRock Advisors LLC now owns 13,485 shares of the company’s stock valued at $1,721,000 after buying an additional 533 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of Lancaster Colony Corp. during the second quarter valued at $1,133,000. Finally, Commonwealth Equity Services Inc raised its position in shares of Lancaster Colony Corp. by 0.4% in the second quarter. Commonwealth Equity Services Inc now owns 2,837 shares of the company’s stock valued at $362,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 50.79% of the company’s stock.

Lancaster Colony Corp. (NASDAQ:LANC) opened at 140.48 on Monday. Lancaster Colony Corp. has a 12-month low of $95.78 and a 12-month high of $140.48. The company has a 50-day moving average of $133.54 and a 200 day moving average of $129.22. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 30.21 and a beta of 0.82.

Lancaster Colony Corp. (NASDAQ:LANC) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Lancaster Colony Corp. had a net margin of 10.73% and a return on equity of 25.14%. The firm had revenue of $294.10 million for the quarter, compared to analysts’ expectations of $304.30 million. During the same period in the previous year, the business earned $1.01 earnings per share. Lancaster Colony Corp.’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts anticipate that Lancaster Colony Corp. will post $4.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a $0.55 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $2.20 dividend on an annualized basis and a yield of 1.57%. This is a boost from Lancaster Colony Corp.’s previous quarterly dividend of $0.50. Lancaster Colony Corp.’s dividend payout ratio (DPR) is currently 43.01%.

Several research analysts have recently weighed in on LANC shares. Wedbush reiterated a “neutral” rating and set a $106.00 price objective (down from $121.00) on shares of Lancaster Colony Corp. in a report on Friday, August 19th. Zacks Investment Research upgraded shares of Lancaster Colony Corp. from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Tuesday, August 23rd. Longbow Research started coverage on shares of Lancaster Colony Corp. in a report on Friday, November 4th. They set a “neutral” rating on the stock. Finally, DA Davidson increased their price objective on shares of Lancaster Colony Corp. from $120.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $126.25.

About Lancaster Colony Corp.

Related posts

Leave a Comment