Lancaster Colony Corp. (NASDAQ:LANC) Shares Sold by Park National Corp OH

Park National Corp OH lowered its stake in Lancaster Colony Corp. (NASDAQ:LANC) by 5.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,345 shares of the company’s stock after selling 595 shares during the quarter. Park National Corp OH’s holdings in Lancaster Colony were worth $1,778,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Truehand Inc purchased a new position in shares of Lancaster Colony during the 4th quarter worth $25,000. Captrust Financial Advisors lifted its stake in shares of Lancaster Colony by 79.8% during the 4th quarter. Captrust Financial Advisors now owns 151 shares of the company’s stock worth $27,000 after purchasing an additional 67 shares during the period. First Hawaiian Bank lifted its stake in shares of Lancaster Colony by 200.0% during the 4th 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. Capital Investment Advisory Services LLC purchased a new position in shares of Lancaster Colony during the 4th quarter worth $66,000. Finally, Rowland & Co. Investment Counsel ADV purchased a new position in shares of Lancaster Colony during the 4th quarter worth $102,000. 53.85% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Lancaster Colony from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th.

Shares of LANC stock traded up $0.76 on Wednesday, reaching $153.56. 125,115 shares of the stock were exchanged, compared to its average volume of 143,034. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 30.62 and a beta of 0.30. Lancaster Colony Corp. has a 1-year low of $120.51 and a 1-year high of $194.38.

Lancaster Colony (NASDAQ:LANC) last released its quarterly earnings data on Thursday, January 31st. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.69%.

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Lancaster Colony 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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