Northern Trust Corp lifted its position in Landec Corporation (NASDAQ:LNDC) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,870 shares of the basic materials company’s stock after acquiring an additional 6,189 shares during the period. Northern Trust Corp owned 1.27% of Landec Corporation worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNDC. Citigroup Inc. grew its position in Landec Corporation by 489.6% during the 2nd quarter. Citigroup Inc. now owns 9,840 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 8,171 shares during the period. Acrospire Investment Management LLC grew its position in Landec Corporation by 185.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 10,722 shares of the basic materials company’s stock worth $159,000 after purchasing an additional 6,971 shares during the period. TIAA CREF Investment Management LLC grew its position in Landec Corporation by 1.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 75,251 shares of the basic materials company’s stock worth $1,117,000 after purchasing an additional 745 shares during the period. Teachers Advisors LLC grew its position in Landec Corporation by 11.3% during the 2nd quarter. Teachers Advisors LLC now owns 53,195 shares of the basic materials company’s stock worth $790,000 after purchasing an additional 5,384 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in Landec Corporation during the 2nd quarter worth about $433,000. 92.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Landec Corporation (NASDAQ:LNDC) opened at $12.80 on Friday. The firm has a market capitalization of $343.83, a PE ratio of 35.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.04 and a current ratio of 1.53. Landec Corporation has a 12-month low of $11.20 and a 12-month high of $15.50.

Landec Corporation (NASDAQ:LNDC) last posted its earnings results on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Landec Corporation had a net margin of 1.80% and a return on equity of 4.17%. The business had revenue of $123.40 million for the quarter, compared to analyst estimates of $123.00 million. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. equities analysts anticipate that Landec Corporation will post 0.55 earnings per share for the current fiscal year.

In other news, CEO Molly Hemmeter sold 7,399 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $13.06, for a total transaction of $96,630.94. Following the sale, the chief executive officer now directly owns 53,017 shares of the company’s stock, valued at approximately $692,402.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.62% of the company’s stock.

LNDC has been the topic of several analyst reports. Zacks Investment Research downgraded Landec Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. TheStreet downgraded Landec Corporation from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Maxim Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Landec Corporation in a research report on Tuesday, September 26th. Wedbush reaffirmed a “hold” rating and set a $13.00 price target on shares of Landec Corporation in a research report on Thursday, September 28th. Finally, BidaskClub raised Landec Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Landec Corporation presently has a consensus rating of “Hold” and an average target price of $15.33.

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About Landec Corporation

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

Institutional Ownership by Quarter for Landec Corporation (NASDAQ:LNDC)

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