Segall Bryant & Hamill LLC raised its holdings in shares of Lancaster Colony Corp. (NASDAQ:LANC) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,436 shares of the company’s stock after purchasing an additional 4,565 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.46% of Lancaster Colony worth $17,640,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates acquired a new position in shares of Lancaster Colony in the 4th quarter valued at $276,000. Wells Fargo & Company MN increased its position in shares of Lancaster Colony by 3.5% in the 1st quarter. Wells Fargo & Company MN now owns 84,583 shares of the company’s stock valued at $10,415,000 after acquiring an additional 2,863 shares during the period. Summit Global Investments increased its position in shares of Lancaster Colony by 11.4% in the 1st quarter. Summit Global Investments now owns 4,900 shares of the company’s stock valued at $603,000 after acquiring an additional 500 shares during the period. Prudential Financial Inc. increased its position in shares of Lancaster Colony by 14.7% in the 1st quarter. Prudential Financial Inc. now owns 23,243 shares of the company’s stock valued at $2,862,000 after acquiring an additional 2,980 shares during the period. Finally, Eaton Vance Management acquired a new position in shares of Lancaster Colony in the 1st quarter valued at $1,742,000. 52.14% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. BidaskClub raised Lancaster Colony from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 30th. CL King upped their target price on Lancaster Colony from $140.00 to $150.00 in a research report on Tuesday, July 3rd. Finally, Vertical Group downgraded Lancaster Colony from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.00.

Shares of LANC opened at $149.75 on Friday. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 34.61 and a beta of 0.94. Lancaster Colony Corp. has a fifty-two week low of $113.33 and a fifty-two week high of $149.88.

Lancaster Colony Company Profile

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. It offers salad dressings and sauces under the Marzetti, Marzetti Simply Dressed, Cardini's, and Girard's brands; vegetable dips and fruit dips under the Marzetti brand; frozen garlic breads under the New York BRAND Bakery, Mamma Bella, and Mamma Bella's brands; and frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's and Mary B's brands.

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

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