Dimensional Fund Advisors LP Has $95.79 Million Holdings in Lancaster Colony Co. (NASDAQ:LANC)

Dimensional Fund Advisors LP raised its position in Lancaster Colony Co. (NASDAQ:LANC – Get Rating) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 485,499 shares of the company’s stock after acquiring an additional 7,852 shares during the period. Dimensional Fund Advisors LP owned approximately 1.76% of Lancaster Colony worth $95,793,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. James Investment Research Inc. purchased a new position in shares of Lancaster Colony during the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd bought a new stake in Lancaster Colony during the fourth quarter worth $35,000. Newbridge Financial Services Group Inc. bought a new stake in Lancaster Colony during the fourth quarter worth $59,000. Rockefeller Capital Management L.P. lifted its holdings in Lancaster Colony by 638.2% during the third quarter. Rockefeller Capital Management L.P. now owns 657 shares of the company’s stock worth $98,000 after acquiring an additional 568 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Lancaster Colony by 95.5% during the third quarter. Lazard Asset Management LLC now owns 657 shares of the company’s stock worth $98,000 after acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 60.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Lancaster Colony in a report on Thursday, May 18th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.00.

Lancaster Colony Price Performance

Shares of LANC opened at $205.23 on Tuesday. The firm has a market cap of $5.65 billion, a PE ratio of 43.12 and a beta of 0.22. The stock’s fifty day moving average price is $205.10 and its two-hundred day moving average price is $200.10. Lancaster Colony Co. has a 1 year low of $116.85 and a 1 year high of $220.65.

Lancaster Colony (NASDAQ:LANC – Get Rating) last issued its earnings results on Thursday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.11). The firm had revenue of $464.94 million during the quarter, compared to the consensus estimate of $443.08 million. Lancaster Colony had a net margin of 7.21% and a return on equity of 16.13%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Sell-side analysts anticipate that Lancaster Colony Co. will post 5 earnings per share for the current fiscal year.

Lancaster Colony Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, June 8th. Lancaster Colony’s dividend payout ratio (DPR) is presently 71.43%.

Lancaster Colony Company Profile

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Lancaster Colony Corp. engages in the manufacture and sale of specialty food products. It operates through the following segments: Retail and Foodservice. The Retail and Foodservice segments both focus on the manufacture and sale of frozen breads, refrigerated dressings, dips and shelf-stable dressings, and croutons under the brand names New York BRAND Bakery, Sister Schubert’s, Marzetti Frozen Pasta, and Flatout.