Municipal Employees Retirement System of Michigan cut its stake in shares of Lancaster Colony Corporation (NASDAQ:LANC) by 16.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,520 shares of the company’s stock after selling 1,500 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Lancaster Colony Corporation were worth $922,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in Lancaster Colony Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 154,452 shares of the company’s stock valued at $21,838,000 after buying an additional 5,024 shares in the last quarter. Bank of Montreal Can boosted its position in Lancaster Colony Corporation by 0.7% in the first quarter. Bank of Montreal Can now owns 12,642 shares of the company’s stock valued at $1,629,000 after buying an additional 82 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Lancaster Colony Corporation by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,900 shares of the company’s stock valued at $631,000 after buying an additional 100 shares in the last quarter. Fisher Asset Management LLC boosted its position in Lancaster Colony Corporation by 0.9% in the first quarter. Fisher Asset Management LLC now owns 403,475 shares of the company’s stock valued at $51,984,000 after buying an additional 3,764 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in Lancaster Colony Corporation by 3.4% in the first quarter. Profund Advisors LLC now owns 2,821 shares of the company’s stock valued at $363,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 50.09% of the company’s stock.

Lancaster Colony Corporation (LANC) opened at 123.11 on Friday. The company has a market cap of $3.38 billion, a PE ratio of 28.76 and a beta of 1.02. The company has a 50-day moving average price of $123.35 and a 200 day moving average price of $127.29. Lancaster Colony Corporation has a 12-month low of $117.50 and a 12-month high of $149.30.

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Several equities analysts recently issued reports on LANC shares. Wedbush reiterated an “outperform” rating and issued a $160.00 price target on shares of Lancaster Colony Corporation in a report on Monday, April 24th. Zacks Investment Research cut Lancaster Colony Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Vertical Research upgraded Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a report on Friday, May 26th. Finally, Vertical Group upgraded Lancaster Colony Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $123.00 to $146.00 in a report on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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.

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

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