Lancaster Colony Co. (NASDAQ:LANC – Get Free Report) has earned a median ranking of “Maintain” from the three brokerages which can be presently protecting the agency, Marketbeat Rankings studies. Three analysis analysts have rated the inventory with a maintain suggestion. The typical 12 month value goal amongst analysts which have issued scores on the inventory within the final 12 months is $183.67.
A number of equities analysts have not too long ago commented on the corporate. StockNews.com lowered Lancaster Colony from a “purchase” ranking to a “maintain” ranking in a analysis observe on Friday. Stephens decreased their goal value on Lancaster Colony from $205.00 to $200.00 and set an “equal weight” ranking on the inventory in a analysis observe on Friday.
Examine Out Our Newest Inventory Evaluation on Lancaster Colony
Lancaster Colony Inventory Up 0.2 %
Shares of Lancaster Colony inventory opened at $173.51 on Friday. Lancaster Colony has a 52 week low of $158.88 and a 52 week excessive of $215.31. The enterprise’s fifty day easy shifting common is $188.76 and its 200-day easy shifting common is $192.71. The agency has a market cap of $4.78 billion, a PE ratio of 36.00 and a beta of 0.37.
Lancaster Colony Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Monday, September thirtieth. Traders of file on Monday, September ninth will probably be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of two.07%. The ex-dividend date is Monday, September ninth. Lancaster Colony’s payout ratio is 74.69%.
Hedge Funds Weigh In On Lancaster Colony
A number of hedge funds have not too long ago purchased and offered shares of LANC. Consolidated Planning Corp raised its place in Lancaster Colony by 4.5% within the 2nd quarter. Consolidated Planning Corp now owns 1,232 shares of the corporate’s inventory valued at $233,000 after buying a further 53 shares within the final quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its place in Lancaster Colony by 1.4% within the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,127 shares of the corporate’s inventory valued at $687,000 after buying a further 55 shares within the final quarter. UMB Financial institution n.a. raised its place in Lancaster Colony by 6.5% within the 1st quarter. UMB Financial institution n.a. now owns 952 shares of the corporate’s inventory valued at $198,000 after buying a further 58 shares within the final quarter. Retirement Techniques of Alabama raised its place in Lancaster Colony by 0.3% within the 1st quarter. Retirement Techniques of Alabama now owns 25,570 shares of the corporate’s inventory valued at $5,309,000 after buying a further 67 shares within the final quarter. Lastly, Benjamin F. Edwards & Firm Inc. raised its place in Lancaster Colony by 0.6% within the 2nd quarter. Benjamin F. Edwards & Firm Inc. now owns 15,179 shares of the corporate’s inventory valued at $2,868,000 after buying a further 87 shares within the final quarter. Institutional traders and hedge funds personal 66.44% of the corporate’s inventory.
Lancaster Colony Firm Profile
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Lancaster Colony Company engages within the manufacturing and advertising of specialty meals merchandise for the retail and foodservice channels in america. It operates in two segments, Retail and Foodservice. The corporate affords frozen garlic bread underneath the New York BRAND Bakery; frozen Parkerhouse fashion yeast and dinner rolls underneath the Sister Schubert’s model; salad dressings underneath the Marzetti, Merely Dressed, Cardini’s, and Girard’s manufacturers; vegetable and fruit dips underneath the Marzetti model; croutons and salad toppings underneath the New York BRAND Bakery, Chatham Village, and Marzetti manufacturers; and frozen pasta underneath the Marzetti Frozen Pasta model.
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