Lancaster Colony Co. (NASDAQ:LANC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Lancaster Colony Co. (NASDAQ:LANC - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,385 shares of the company's stock after purchasing an additional 5,514 shares during the period. Deutsche Bank AG owned 0.06% of Lancaster Colony worth $3,010,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Lancaster Colony by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,200,002 shares of the company's stock valued at $380,908,000 after buying an additional 30,987 shares in the last quarter. Geode Capital Management LLC lifted its position in Lancaster Colony by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 561,913 shares of the company's stock valued at $97,308,000 after acquiring an additional 5,690 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Lancaster Colony by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 510,470 shares of the company's stock valued at $88,383,000 after acquiring an additional 1,496 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Lancaster Colony by 20.5% during the fourth quarter. Boston Trust Walden Corp now owns 305,264 shares of the company's stock worth $52,853,000 after purchasing an additional 52,030 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Lancaster Colony by 11.1% during the fourth quarter. Northern Trust Corp now owns 290,133 shares of the company's stock worth $50,234,000 after purchasing an additional 28,965 shares during the last quarter. Hedge funds and other institutional investors own 66.44% of the company's stock.

Analyst Upgrades and Downgrades

LANC has been the subject of a number of research analyst reports. Stephens decreased their target price on Lancaster Colony from $200.00 to $195.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. DA Davidson boosted their price objective on Lancaster Colony from $192.00 to $207.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Benchmark upgraded shares of Lancaster Colony from a "hold" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen cut shares of Lancaster Colony from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Lancaster Colony currently has an average rating of "Hold" and an average price target of $203.50.

Lancaster Colony Trading Up 2.5%

Shares of NASDAQ LANC traded up $4.07 during midday trading on Tuesday, reaching $168.07. 143,734 shares of the company were exchanged, compared to its average volume of 148,001. The stock has a market cap of $4.63 billion, a P/E ratio of 29.54 and a beta of 0.50. Lancaster Colony Co. has a 1 year low of $156.14 and a 1 year high of $202.63. The stock has a fifty day simple moving average of $174.99 and a 200 day simple moving average of $179.64.

Lancaster Colony (NASDAQ:LANC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.07). The company had revenue of $457.84 million during the quarter, compared to analysts' expectations of $483.47 million. Lancaster Colony had a net margin of 8.26% and a return on equity of 19.51%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. As a group, analysts forecast that Lancaster Colony Co. will post 6.8 earnings per share for the current year.

Lancaster Colony Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $0.95 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.26%. Lancaster Colony's dividend payout ratio (DPR) is 61.79%.

Lancaster Colony Profile

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.