A Reversal for Lancaster Colony Corporation (LANC) Is Not Near. The Stock Reaches 52-Week High Today

July 12, 2018 - By Harriett Tippett

Investors sentiment increased to 1.03 in Q1 2018. Its up 0.04, from 0.99 in 2017Q4. It increased, as 16 investors sold Lancaster Colony Corporation shares while 59 reduced holdings. 24 funds opened positions while 53 raised stakes. 14.26 million shares or 0.64% more from 14.17 million shares in 2017Q4 were reported.
The Vermont-based Prentiss Smith & Com has invested 0% in Lancaster Colony Corporation (NASDAQ:LANC). State Teachers Retirement has invested 0.01% of its portfolio in Lancaster Colony Corporation (NASDAQ:LANC). Moreover, Dowling Yahnke Ltd Llc has 1.82% invested in Lancaster Colony Corporation (NASDAQ:LANC). Citadel Advsr Limited invested 0% in Lancaster Colony Corporation (NASDAQ:LANC). Deutsche Fincl Bank Ag accumulated 31,741 shares. 11,821 were accumulated by Great West Life Assurance Can. Principal Financial Grp Incorporated holds 0.01% or 84,489 shares. Moreover, Vanguard Gru Incorporated has 0.01% invested in Lancaster Colony Corporation (NASDAQ:LANC). Captrust Fincl Advisors holds 0% of its portfolio in Lancaster Colony Corporation (NASDAQ:LANC) for 56 shares. Bankshares Of Mellon accumulated 266,136 shares. Blackrock reported 0.01% of its portfolio in Lancaster Colony Corporation (NASDAQ:LANC). Northern Tru owns 318,495 shares. Eaton Vance Mngmt has 14,144 shares for 0% of their portfolio. Invesco Limited, a Georgia-based fund reported 358,168 shares. Barclays Public Limited stated it has 6,035 shares or 0% of all its holdings.

Since May 10, 2018, it had 0 insider buys, and 1 sale for $57,115 activity.

The stock of Lancaster Colony Corporation (NASDAQ:LANC) hit a new 52-week high and has $153.87 target or 8.00 % above today’s $142.47 share price. The 9 months bullish chart indicates low risk for the $3.92B company. The 1-year high was reported on Jul, 12 by Barchart.com. If the $153.87 price target is reached, the company will be worth $313.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.93% or $1.34 during the last trading session, reaching $142.47. About 9,794 shares traded. Lancaster Colony Corporation (NASDAQ:LANC) has risen 4.24% since July 12, 2017 and is uptrending. It has underperformed by 8.33% the S&P500.

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company has market cap of $3.92 billion. It offers salad dressings and sauces under the Marzetti, Marzetti Simply Dressed, CardiniÂ’s, and GirardÂ’s brands; vegetable dips and fruit dips under the Marzetti brand; frozen garlic breads under the New York BRAND Bakery, Mamma Bella, and Mamma BellaÂ’s brands; and frozen Parkerhouse style yeast and dinner rolls under the Sister SchubertÂ’s and Mary BÂ’s brands. It has a 29.81 P/E ratio. The firm also provides dry egg noodles under the Inn Maid and Amish Kitchen brands; frozen specialty noodles under the Reames and Aunt ViÂ’s brands; croutons and salad toppings under the New York BRAND Bakery, New York BRAND Bakery Texas Toast, Chatham Village, CardiniÂ’s, Marzetti Simply Dressed, and Marzetti brands; sprouted grain bakery products under the Angelic Bakehouse and Flatzza brands; flatbread wraps and pizza crusts under the Flatout brand; and caviar under the Romanoff brand name.

Lancaster Colony Corporation (NASDAQ:LANC) Institutional Positions Chart

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