Diversified Trust Co Acquires 1,050 Shares of Lancaster Colony Co. (NASDAQ:LANC)

Diversified Trust Co raised its holdings in Lancaster Colony Co. (NASDAQ:LANC) by 25.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,226 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Diversified Trust Co’s holdings in Lancaster Colony were worth $1,085,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in Lancaster Colony in the fourth quarter valued at approximately $67,000. Clarity Asset Management Inc. purchased a new stake in shares of Lancaster Colony during the 4th quarter valued at $70,000. Principal Securities Inc. bought a new stake in shares of Lancaster Colony during the 4th quarter worth $129,000. UMB Bank n.a. grew its position in Lancaster Colony by 11.8% in the fourth quarter. UMB Bank n.a. now owns 894 shares of the company’s stock worth $149,000 after acquiring an additional 94 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its stake in Lancaster Colony by 92,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 928 shares of the company’s stock valued at $166,000 after acquiring an additional 927 shares during the last quarter. Institutional investors own 66.44% of the company’s stock.

Lancaster Colony Stock Down 0.2 %

NASDAQ LANC opened at $188.57 on Tuesday. The company has a 50-day simple moving average of $188.73 and a two-hundred day simple moving average of $188.36. Lancaster Colony Co. has a 12-month low of $158.88 and a 12-month high of $215.31. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 39.12 and a beta of 0.37.

Lancaster Colony (NASDAQ:LANC) last issued its earnings results on Thursday, May 2nd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.02. The company had revenue of $471.40 million during the quarter, compared to analysts’ expectations of $467.90 million. Lancaster Colony had a return on equity of 18.96% and a net margin of 7.10%. Lancaster Colony’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Equities analysts expect that Lancaster Colony Co. will post 6.45 earnings per share for the current fiscal year.

Lancaster Colony Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, June 7th. Lancaster Colony’s dividend payout ratio is 74.69%.

Analyst Ratings Changes

LANC has been the subject of several research analyst reports. StockNews.com raised Lancaster Colony from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Stephens reaffirmed an “equal weight” rating and issued a $218.00 target price on shares of Lancaster Colony in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $198.75.

Lancaster Colony Company Profile

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.