KBC Group NV Has $155,000 Stock Position in Lancaster Colony Co. (NASDAQ:LANC)

KBC Group NV increased its stake in shares of Lancaster Colony Co. (NASDAQ:LANC) by 80.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 893 shares of the company’s stock after acquiring an additional 398 shares during the quarter. KBC Group NV’s holdings in Lancaster Colony were worth $155,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Lancaster Colony by 62.1% in the fourth quarter. Blue Trust Inc. now owns 932 shares of the company’s stock valued at $165,000 after buying an additional 357 shares during the period. Tributary Capital Management LLC lifted its position in shares of Lancaster Colony by 46.5% in the 4th quarter. Tributary Capital Management LLC now owns 4,446 shares of the company’s stock worth $770,000 after acquiring an additional 1,412 shares during the period. Wolff Financial Management LLC grew its holdings in shares of Lancaster Colony by 3.0% during the 4th quarter. Wolff Financial Management LLC now owns 23,799 shares of the company’s stock worth $4,121,000 after purchasing an additional 695 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Lancaster Colony by 336.2% during the fourth quarter. SG Americas Securities LLC now owns 23,393 shares of the company’s stock valued at $4,050,000 after purchasing an additional 18,030 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Lancaster Colony by 22.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,278 shares of the company’s stock valued at $1,087,000 after purchasing an additional 1,157 shares during the period. 66.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LANC shares. Stephens lifted their price target on shares of Lancaster Colony from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com upgraded shares of Lancaster Colony from a “hold” rating to a “buy” rating in a research report on Thursday. Benchmark reissued a “hold” rating on shares of Lancaster Colony in a research report on Tuesday, November 19th. Finally, Loop Capital decreased their price objective on Lancaster Colony from $232.00 to $227.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Lancaster Colony Price Performance

Lancaster Colony stock opened at $187.57 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 32.45 and a beta of 0.35. The stock has a fifty day moving average price of $177.55 and a two-hundred day moving average price of $180.87. Lancaster Colony Co. has a 52-week low of $163.20 and a 52-week high of $209.81.

Lancaster Colony (NASDAQ:LANC) last announced its earnings results on Tuesday, February 4th. The company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $509.30 million during the quarter, compared to analysts’ expectations of $495.43 million. Lancaster Colony had a net margin of 8.49% and a return on equity of 19.01%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.87 EPS. On average, equities research analysts predict that Lancaster Colony Co. will post 6.7 EPS for the current fiscal year.

Lancaster Colony Company 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.