Bessemer Group Inc. boosted its position in shares of Lancaster Colony Corporation (NASDAQ:LANC) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 18,800 shares of the company’s stock after buying an additional 1,189 shares during the period. Bessemer Group Inc.’s holdings in Lancaster Colony Corporation were worth $2,305,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Lancaster Colony Corporation during the first quarter worth approximately $129,000. Harfst & Associates Inc. purchased a new position in Lancaster Colony Corporation during the first quarter worth approximately $174,000. LS Investment Advisors LLC raised its position in Lancaster Colony Corporation by 19.8% in the second quarter. LS Investment Advisors LLC now owns 1,557 shares of the company’s stock worth $191,000 after buying an additional 257 shares in the last quarter. Credit Agricole S A raised its position in Lancaster Colony Corporation by 4.5% in the first quarter. Credit Agricole S A now owns 1,522 shares of the company’s stock worth $196,000 after buying an additional 66 shares in the last quarter. Finally, Cypress Wealth Advisors LLC raised its position in Lancaster Colony Corporation by 3.4% in the first quarter. Cypress Wealth Advisors LLC now owns 1,622 shares of the company’s stock worth $209,000 after buying an additional 54 shares in the last quarter. 50.09% of the stock is currently owned by institutional investors.

Lancaster Colony Corporation (LANC) opened at 122.11 on Thursday. The company’s 50-day moving average is $123.40 and its 200-day moving average is $127.44. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 28.53 and a beta of 1.02. Lancaster Colony Corporation has a 12 month low of $117.50 and a 12 month high of $149.30.

WARNING: “Lancaster Colony Corporation (NASDAQ:LANC) Position Boosted by Bessemer Group Inc.” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/lancaster-colony-corporation-nasdaqlanc-position-boosted-by-bessemer-group-inc/1468455.html.

A number of research firms have recently commented on LANC. Vertical Research raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Zacks Investment Research lowered shares of Lancaster Colony Corporation from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Wedbush reissued an “outperform” rating and issued a $160.00 price target on shares of Lancaster Colony Corporation in a research report on Monday, April 24th. Finally, Vertical Group raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $123.00 to $146.00 in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $152.00.

Lancaster Colony Corporation Company Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

Want to see what other hedge funds are holding LANC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lancaster Colony Corporation (NASDAQ:LANC).

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

Receive News & Ratings for Lancaster Colony Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancaster Colony Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.