Yousif Capital Management LLC Has $1.15 Million Position in Lancaster Colony Corporation (NASDAQ:LANC)

Yousif Capital Management LLC cut its stake in shares of Lancaster Colony Corporation (NASDAQ:LANC) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,584 shares of the company’s stock after selling 201 shares during the quarter. Yousif Capital Management LLC’s holdings in Lancaster Colony were worth $1,152,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Lancaster Colony by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,200,002 shares of the company’s stock worth $380,908,000 after purchasing an additional 30,987 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lancaster Colony by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 561,913 shares of the company’s stock worth $97,308,000 after buying an additional 5,690 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Lancaster Colony by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 510,470 shares of the company’s stock worth $88,383,000 after buying an additional 1,496 shares during the last quarter. London Co. of Virginia lifted its stake in shares of Lancaster Colony by 2.9% in the fourth quarter. London Co. of Virginia now owns 450,493 shares of the company’s stock valued at $77,998,000 after buying an additional 12,500 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Lancaster Colony by 11.1% during the fourth quarter. Northern Trust Corp now owns 290,133 shares of the company’s stock valued at $50,234,000 after buying an additional 28,965 shares during the last quarter. 66.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LANC shares. Stephens lowered their target price on shares of Lancaster Colony from $200.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded Lancaster Colony from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Benchmark upgraded Lancaster Colony from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $203.50.

Lancaster Colony Stock Performance

Lancaster Colony stock opened at $167.80 on Wednesday. Lancaster Colony Corporation has a fifty-two week low of $156.14 and a fifty-two week high of $202.63. The firm’s 50-day simple moving average is $172.62 and its 200 day simple moving average is $177.82. The stock has a market cap of $4.63 billion, a PE ratio of 27.28 and a beta of 0.47.

Lancaster Colony (NASDAQ:LANC) last posted its earnings results on Wednesday, April 30th. The company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.07). The firm had revenue of $457.84 million for the quarter, compared to the consensus estimate of $483.47 million. Lancaster Colony had a return on equity of 19.30% and a net margin of 8.99%. Lancaster Colony’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 EPS. As a group, analysts predict that Lancaster Colony Corporation will post 6.8 EPS for the current fiscal year.

Lancaster Colony Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.26%. Lancaster Colony’s dividend payout ratio (DPR) is currently 61.79%.

About Lancaster Colony

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.