Migdal Insurance & Financial Holdings Ltd. Buys Shares of 1,260 Lancaster Colony Corporation (LANC)

Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Lancaster Colony Corporation (NASDAQ:LANC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,260 shares of the company’s stock, valued at approximately $151,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in Lancaster Colony Corporation by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,323 shares of the company’s stock worth $2,124,000 after purchasing an additional 69 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Lancaster Colony Corporation by 0.7% in the second quarter. Great West Life Assurance Co. Can now owns 11,416 shares of the company’s stock valued at $1,399,000 after acquiring an additional 76 shares in the last quarter. Capstone Asset Management Co. grew its position in Lancaster Colony Corporation by 4.6% in the second quarter. Capstone Asset Management Co. now owns 1,832 shares of the company’s stock valued at $225,000 after acquiring an additional 80 shares in the last quarter. Strs Ohio grew its position in Lancaster Colony Corporation by 1.0% in the second quarter. Strs Ohio now owns 10,000 shares of the company’s stock valued at $1,226,000 after acquiring an additional 100 shares in the last quarter. Finally, State Treasurer State of Michigan grew its position in Lancaster Colony Corporation by 1.3% in the second quarter. State Treasurer State of Michigan now owns 8,020 shares of the company’s stock valued at $983,000 after acquiring an additional 100 shares in the last quarter. 49.90% of the stock is owned by hedge funds and other institutional investors.

Lancaster Colony Corporation (NASDAQ LANC) traded down $0.60 during mid-day trading on Monday, hitting $123.45. 92,200 shares of the stock were exchanged, compared to its average volume of 107,715. Lancaster Colony Corporation has a twelve month low of $113.33 and a twelve month high of $149.30. The firm has a market capitalization of $3,387.78, a P/E ratio of 27.56 and a beta of 1.04.

Lancaster Colony Corporation (NASDAQ:LANC) last announced its quarterly earnings data on Thursday, October 26th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). Lancaster Colony Corporation had a return on equity of 21.50% and a net margin of 9.20%. The firm had revenue of $298.92 million for the quarter, compared to the consensus estimate of $298.75 million. During the same quarter last year, the business earned $1.22 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts predict that Lancaster Colony Corporation will post 4.75 earnings per share for the current fiscal year.

LANC has been the subject of several recent research reports. BidaskClub raised shares of Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Wedbush reissued a “buy” rating on shares of Lancaster Colony Corporation in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Lancaster Colony Corporation presently has an average rating of “Buy” and a consensus price target of $154.67.

ILLEGAL ACTIVITY WARNING: “Migdal Insurance & Financial Holdings Ltd. Buys Shares of 1,260 Lancaster Colony Corporation (LANC)” was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/11/13/migdal-insurance-financial-holdings-ltd-buys-shares-of-1260-lancaster-colony-corporation-lanc.html.

Lancaster Colony Corporation 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.

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply