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Lancaster Colony (LANC) Stock Price, News & Analysis

$207.44
+0.37 (+0.18%)
(As of 02:22 PM ET)
Today's Range
$207.34
$209.08
50-Day Range
$171.90
$207.07
52-Week Range
$158.88
$220.65
Volume
20,218 shs
Average Volume
139,113 shs
Market Capitalization
$5.71 billion
P/E Ratio
44.32
Dividend Yield
1.74%
Price Target
$198.75

Lancaster Colony MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
4.4% Downside
$198.75 Price Target
Short Interest
Healthy
3.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
1.56mentions of Lancaster Colony in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$232,541 Sold Last Quarter
Proj. Earnings Growth
7.88%
From $6.47 to $6.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.38 out of 5 stars

Consumer Staples Sector

21st out of 135 stocks

Canned, Frozen, & Preserved Fruits, Vegetables, & Food Special Industry

2nd out of 4 stocks

LANC stock logo

About Lancaster Colony Stock (NASDAQ:LANC)

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. It also manufactures and sells other products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces, and Chick-fil-A sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.

LANC Stock Price History

LANC Stock News Headlines

Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
CL Mar 2024 90.000 put
CL Mar 2024 81.000 call
CL Mar 2024 81.000 put
Lancaster Colony Corp.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
LANC Mar 2024 170.000 put
Lancaster Colony declares $0.90 dividend
Lancaster Colony Continues Higher Cash Dividend
Lancaster Colony Continues Higher Cash Dividend
LANC Mar 2024 270.000 call
Hershey (HSY) Q4 Earnings Beat Estimates, Revenues Miss
Lancaster Colony just downgraded at Stephens, here's why
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/01/2023
Dividend Payable
12/29/2023
Last Earnings
2/01/2024
Ex-Dividend for 3/29 Dividend
3/06/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Canned, frozen, & preserved fruits, vegetables, & food special
Sub-Industry
Packaged Foods & Meats
Current Symbol
NASDAQ:LANC
CUSIP
51384710
Employees
3,400
Year Founded
1961

Price Target and Rating

Average Stock Price Target
$198.75
High Stock Price Target
$226.00
Low Stock Price Target
$166.00
Potential Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$111.29 million
Pretax Margin
8.96%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$6.73 per share
Book Value
$31.33 per share

Miscellaneous

Free Float
19,375,000
Market Cap
$5.70 billion
Optionable
Optionable
Beta
0.35

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Key Executives

  • Mr. David A. CiesinskiMr. David A. Ciesinski (Age 58)
    President, CEO & Director
    Comp: $2.43M
  • Mr. Thomas K. Pigott (Age 59)
    VP, Assistant Secretary & CFO
    Comp: $1.27M
  • Mr. John B. Gerlach Jr.Mr. John B. Gerlach Jr. (Age 69)
    Executive Director
    Comp: $315.79k
  • Mr. Carl R. Stealey (Age 53)
    President of Retail Division at T. Marzetti Company
    Comp: $932.28k
  • Ms. Kristin J. Bird (Age 53)
    President of Foodservice Division of T. Marzetti Company
    Comp: $951.52k
  • Mr. Luis Viso (Age 64)
    Chief Supply Chain Officer of T. Marzetti Company
    Comp: $802.21k
  • Dale N. Ganobsik
    Vice President of Corporate Finance, Investor Relations & Treasurer
  • Mr. Matthew R. Shurte (Age 56)
    General Counsel, Chief Ethics Officer & Secretary
  • Janet A. Murch
    VP & Corporate Controller

LANC Stock Analysis - Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LANC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LANC, but not buy additional shares or sell existing shares.
View LANC analyst ratings
or view top-rated stocks.

What is Lancaster Colony's stock price target for 2024?

4 Wall Street research analysts have issued 1 year price objectives for Lancaster Colony's stock. Their LANC share price targets range from $166.00 to $226.00. On average, they anticipate the company's stock price to reach $198.75 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for LANC
or view top-rated stocks among Wall Street analysts.

How have LANC shares performed in 2024?

Lancaster Colony's stock was trading at $166.39 at the beginning of 2024. Since then, LANC stock has increased by 25.0% and is now trading at $207.94.
View the best growth stocks for 2024 here
.

When is Lancaster Colony's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our LANC earnings forecast
.

How were Lancaster Colony's earnings last quarter?

Lancaster Colony Co. (NASDAQ:LANC) posted its quarterly earnings results on Thursday, February, 1st. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.27. The firm had revenue of $485.92 million for the quarter, compared to analyst estimates of $489 million. Lancaster Colony had a trailing twelve-month return on equity of 17.37% and a net margin of 6.92%.

How often does Lancaster Colony pay dividends? What is the dividend yield for Lancaster Colony?

Lancaster Colony declared a quarterly dividend on Wednesday, February 14th. Investors of record on Thursday, March 7th will be given a dividend of $0.90 per share on Friday, March 29th. This represents a $3.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, March 6th.
Read our dividend analysis for LANC
.

Is Lancaster Colony a good dividend stock?

Lancaster Colony (NASDAQ:LANC) pays an annual dividend of $3.60 per share and currently has a dividend yield of 1.76%. The company has been increasing its dividend for 61 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 76.92%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LANC will have a dividend payout ratio of 51.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LANC.

What is Jay Gerlach Jr.'s approval rating as Lancaster Colony's CEO?

2 employees have rated Lancaster Colony Chief Executive Officer Jay Gerlach Jr. on Glassdoor.com. Jay Gerlach Jr. has an approval rating of 100% among the company's employees. This puts Jay Gerlach Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Lancaster Colony own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lancaster Colony investors own include Medtronic (MDT), Aflac (AFL), Hormel Foods (HRL), MSA Safety (MSA), PepsiCo (PEP), Sysco (SYY), Johnson & Johnson (JNJ), McCormick & Company, Incorporated (MKC), Becton, Dickinson and Company (BDX) and Ecolab (ECL).

Who are Lancaster Colony's major shareholders?

Lancaster Colony's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.63%), Vanguard Group Inc. (7.63%), Dimensional Fund Advisors LP (1.83%), First Trust Advisors LP (1.51%), Victory Capital Management Inc. (1.51%) and Boston Trust Walden Corp (1.16%). Insiders that own company stock include Alan F Harris, David Alan Ciesinski, David S Nagle, K Pigott Thomas and Kristin Bird.
View institutional ownership trends
.

How do I buy shares of Lancaster Colony?

Shares of LANC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LANC) was last updated on 3/28/2024 by MarketBeat.com Staff

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