William Blair Boosts Stake in Lancaster Colony Corp (LANC)

TL;DR

**William Blair just revealed a big stake in LANC, signaling institutional confidence.**

AI Summary

William Blair Investment Management, LLC, a Delaware-based investment firm, reported on February 12, 2024, that as of December 31, 2023, they beneficially own 1,381,516 shares of Lancaster Colony Corp (LANC) common stock. This represents a significant stake, giving them sole voting power over 1,240,297 shares and sole dispositive power over all 1,381,516 shares. This matters to investors because it signals a major institutional investor's confidence in LANC, potentially indicating a positive outlook on the company's future performance.

Why It Matters

A large institutional investment firm increasing its stake often suggests a belief in the company's long-term value, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates an institutional investor's position, which generally carries low direct risk for existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, potentially prompting further research into Lancaster Colony Corp's fundamentals and future prospects, given the confidence shown by a major institutional investor like William Blair.

Key Numbers

• 1,381,516 — Total Shares Beneficially Owned (Represents William Blair's total ownership in Lancaster Colony Corp.)
• 1,240,297 — Sole Voting Power Shares (Indicates the number of shares William Blair can vote independently.)

Key Players & Entities

• William Blair Investment Management, LLC (company) — reporting person, institutional investor
• Lancaster Colony Corp (company) — subject company, issuer of common stock
• Delaware (company) — place of organization for William Blair Investment Management, LLC
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Other institutional investors may review William Blair's position and potentially increase their own stakes in Lancaster Colony Corp. (Lancaster Colony Corp) — medium confidence, target: Next 6-12 months

FAQ

Filing Documents

• tm245766d15_sc13g.htm (SC 13G) — 51KB
• 0001104659-24-015200.txt ( ) — 53KB

(a)

Item 1(a). Name of Issuer: Lancaster Colony Corp

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 380 Polaris Parkway, Westerville, OH 43082

(a)

Item 2(a). Name of Person Filing: William Blair Investment Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 513847103 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 513847103 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,381,516 (b) Percent of class: 5.0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,240,297 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,381,516 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

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View this SC 13G filing on SEC EDGAR