Amalgamated Bank increased its position in Lancaster Colony Corp. (NASDAQ:LANC) by 69.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,882 shares of the company’s stock after purchasing an additional 1,184 shares during the period. Amalgamated Bank’s holdings in Lancaster Colony were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LANC. Truehand Inc bought a new position in Lancaster Colony in the 4th quarter worth about $25,000. Captrust Financial Advisors lifted its stake in Lancaster Colony by 79.8% during the 4th quarter. Captrust Financial Advisors now owns 151 shares of the company’s stock valued at $27,000 after acquiring an additional 67 shares during the period. First Hawaiian Bank lifted its stake in Lancaster Colony by 200.0% during the 4th quarter. First Hawaiian Bank now owns 183 shares of the company’s stock valued at $32,000 after acquiring an additional 122 shares during the period. Capital Investment Advisory Services LLC bought a new position in Lancaster Colony during the 4th quarter valued at about $66,000. Finally, Rowland & Co. Investment Counsel ADV bought a new position in Lancaster Colony during the 4th quarter valued at about $102,000. Institutional investors own 53.76% of the company’s stock.

LANC opened at $157.38 on Thursday. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 30.79 and a beta of 0.30. Lancaster Colony Corp. has a 52-week low of $120.51 and a 52-week high of $194.38.

Lancaster Colony (NASDAQ:LANC) last posted its earnings results on Thursday, January 31st. The company reported $1.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.01). The company had revenue of $349.58 million for the quarter. Lancaster Colony had a net margin of 11.56% and a return on equity of 20.95%.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.65%. The ex-dividend date was Thursday, March 7th.

Separately, BidaskClub upgraded shares of Lancaster Colony from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $150.00.

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About Lancaster Colony

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates through two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand name; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardini's, and Girard's brands; and vegetable dips and fruit dips under the Marzetti brand.

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Institutional Ownership by Quarter for Lancaster Colony (NASDAQ:LANC)

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