Leeward Investments LLC MA Sells 3,584 Shares of Lancaster Colony Co. (NASDAQ:LANC)

Leeward Investments LLC MA lessened its position in Lancaster Colony Co. (NASDAQ:LANC) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 48,227 shares of the company’s stock after selling 3,584 shares during the period. Leeward Investments LLC MA owned approximately 0.17% of Lancaster Colony worth $8,350,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its position in Lancaster Colony by 243.2% in the 3rd quarter. Wellington Management Group LLP now owns 83,630 shares of the company’s stock valued at $14,767,000 after purchasing an additional 59,261 shares during the period. Boston Trust Walden Corp grew its holdings in shares of Lancaster Colony by 20.5% during the fourth quarter. Boston Trust Walden Corp now owns 305,264 shares of the company’s stock valued at $52,853,000 after buying an additional 52,030 shares during the last quarter. Barclays PLC grew its holdings in shares of Lancaster Colony by 125.5% during the third quarter. Barclays PLC now owns 44,189 shares of the company’s stock valued at $7,803,000 after buying an additional 24,589 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Lancaster Colony in the 3rd quarter worth about $3,853,000. Finally, SG Americas Securities LLC lifted its position in Lancaster Colony by 336.2% in the 4th quarter. SG Americas Securities LLC now owns 23,393 shares of the company’s stock valued at $4,050,000 after acquiring an additional 18,030 shares in the last quarter. Institutional investors own 66.44% of the company’s stock.

Insider Buying and Selling at Lancaster Colony

In other Lancaster Colony news, CEO David Alan Ciesinski sold 17,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $191.19, for a total value of $3,250,230.00. Following the sale, the chief executive officer now directly owns 54,644 shares in the company, valued at $10,447,386.36. The trade was a 23.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 29.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on LANC shares. Benchmark reissued a “hold” rating on shares of Lancaster Colony in a report on Tuesday, November 19th. StockNews.com raised Lancaster Colony from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Stephens increased their price target on Lancaster Colony from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. DA Davidson lifted their price objective on shares of Lancaster Colony from $192.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Loop Capital lowered their target price on shares of Lancaster Colony from $232.00 to $227.00 and set a “buy” rating for the company in a report on Friday, November 1st. Three investment 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 company currently has an average rating of “Hold” and an average target price of $211.33.

Lancaster Colony Trading Up 1.7 %

Shares of LANC opened at $194.81 on Monday. The stock has a 50 day moving average of $178.11 and a 200 day moving average of $180.99. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 34.24 and a beta of 0.35. Lancaster Colony Co. has a 12 month low of $163.20 and a 12 month high of $209.81.

Lancaster Colony (NASDAQ:LANC) last announced its earnings results on Tuesday, February 4th. The company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. The firm had revenue of $509.30 million during the quarter, compared to analyst estimates of $495.43 million. Lancaster Colony had a return on equity of 19.51% and a net margin of 8.26%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.87 EPS. As a group, equities research analysts predict that Lancaster Colony Co. will post 6.8 earnings per share for the current year.

Lancaster Colony Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, March 7th. Lancaster Colony’s dividend payout ratio is 66.78%.

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.