By Steve Beck

ROSEMONT, Pa. (CBS) — An iconic landmark that was stolen from outside a business in Montgomery County has been located.

“Baby Moo,” a baby calf that stands besides her mom outside a popular cookie joint, was found Thursday after it was stolen from its usual spot.

Herb Spivak, owner of Hope’s Cookies in Rosemont, say the baby calf statue, which weighs approximately 50 lbs., was taken either late Wednesday night or early Thursday morning.

Officials say the statue is in the possession of Villanova’s Public Safety Department. A student near the school got out of a taxi with the statue and was spotted by police. The student took off running and left the cow behind.

Police are investigating and are hoping to identify the student.

Spivak was offering a $500 reward for the safe return of the statue.

This is not the first time the landmark calf has been stolen from its home on W. Lancaster Avenue. Back in 2009, the calf was stolen and was eventually found in the basement of a frat house near Temple University.