Should I buy or sell Lancaster Colony stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 analysts have issued 1-year target prices 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 a possible upside of 8.2% from the stock's current price. 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 start of the year. Since then, LANC stock has increased by 10.4% and is now trading at $183.62. 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) announced its earnings results on Thursday, February, 1st. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.27. The business earned $485.92 million during the quarter, compared to analysts' expectations of $489 million. Lancaster Colony had a net margin of 6.92% and a trailing twelve-month return on equity of 17.37%.

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 paid a dividend of $0.90 per share on Friday, March 29th. This represents a $3.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date 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 1.89%. 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 ETFs hold Lancaster Colony's stock?

ETFs with the largest weight of Lancaster Colony (NASDAQ:LANC) stock in their portfolio include Leatherback Long/Short Alternative Yield ETF (LBAY) , Victoryshares Dividend Accelerator ETF (VSDA) , AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) , Roundhill S&P Dividend Monarchs ETF (KNGS) , ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) , ProShares Russell US Dividend Growers ETF (TMDV) , First Trust Nasdaq Food & Beverage ETF (FTXG) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS) .

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 number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.05%), Park National Corp OH (0.04%), Park Avenue Securities LLC (0.02%), CWM LLC (0.02%), Diversified Trust Co (0.02%) and State of Michigan Retirement System (0.02%). 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 .

NASDAQ:LANC

Lancaster Colony (LANC) Stock Price, News & Analysis

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Free LANC Stock Alerts

$183.62

-1.78 (-0.96%)

(As of 04/18/2024 ET)

Compare

Today's Range: $182.80
▼
$186.31
50-Day Range: $185.40
▼
$207.63
52-Week Range: $158.88
▼
$220.65

Volume: 138,112 shs
Average Volume: 135,331 shs
Market Capitalization: $5.05 billion

P/E Ratio: 39.24
Dividend Yield: 1.96%
Price Target: $198.75

Get Lancaster Colony alerts:

Lancaster Colony MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 8.2% Upside
$198.75 Price Target
Short Interest: Healthy
3.29% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.89
Upright™ Environmental Score
News Sentiment: 0.45
Based on 5 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.

4.05 out of 5 stars

Consumer Staples Sector

46th out of 134 stocks

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

4th out of 4 stocks

1.1

Analyst's Opinion

Consensus Rating
Lancaster Colony has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Lancaster Colony has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.29% of the float of Lancaster Colony has been sold short.
Short Interest Ratio / Days to Cover
Lancaster Colony has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Lancaster Colony has recently decreased by 1.82%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Lancaster Colony pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lancaster Colony has been increasing its dividend for 61 years.
Dividend Coverage
The dividend payout ratio of Lancaster Colony is 76.92%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Lancaster Colony will have a dividend payout ratio of 51.58% next year. This indicates that Lancaster Colony will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lancaster Colony has received a 32.76% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is mostly driven by its "Egg noodles", "Prepared vegetable meals", "Unprocessed roe", and "Wheat bread" products. See details.
Environmental Sustainability
The Environmental Impact score for Lancaster Colony is -1.89.

2.5

News and Social Media Coverage

News Sentiment
Lancaster Colony has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Lancaster Colony this week, compared to 4 articles on an average week.
MarketBeat Follows
3 people have added Lancaster Colony to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lancaster Colony insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $232,541.00 in company stock.
Percentage Held by Insiders
29.60% of the stock of Lancaster Colony is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
66.44% of the stock of Lancaster Colony is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Lancaster Colony are expected to grow by 7.88% in the coming year, from $6.47 to $6.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lancaster Colony is 39.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lancaster Colony is 39.24, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.71.
Price to Book Value per Share Ratio
Lancaster Colony has a P/B Ratio of 5.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

LANC Stock News Headlines

April 18, 2024 | msn.com

SouthCoast's top performers, scores and highlights for April 15-21

April 18, 2024 | businesswire.com

Lancaster Colony to Webcast Third Quarter Fiscal Year 2024 Conference Call

April 19, 2024 | DTI (Ad)

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April 17, 2024 | businesswire.com

Subway® Canada and T. Marzetti Company Launch New Retail Sauces Inspired by Fan-Favourite Flavours

April 12, 2024 | finance.yahoo.com

The Zacks Analyst Blog Highlights Atmos Energy, American Water Works, Global Water Resources and Lancaster Colony

April 11, 2024 | americanbankingnews.com

Lancaster Colony Co. (NASDAQ:LANC) Given Average Rating of "Hold" by Analysts

April 3, 2024 | msn.com

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April 2, 2024 | msn.com

Meet the top 26 high school softball players from the SouthCoast to watch in 2024

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 1, 2024 | msn.com

Billion-dollar battle: Where Charlotte grocery shoppers spent money in record amounts

March 29, 2024 | msn.com

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March 28, 2024 | msn.com

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March 19, 2024 | bizjournals.com

Milwaukee-area bakery closed permanently by parent company

March 18, 2024 | msn.com

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March 16, 2024 | msn.com

Friday’s prep baseball and softball scores

March 16, 2024 | ca.finance.yahoo.com

CL Mar 2024 90.000 put

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CL Mar 2024 81.000 call

March 16, 2024 | ca.finance.yahoo.com

CL Mar 2024 81.000 put

March 13, 2024 | wsj.com

Lancaster Colony Corp.

March 13, 2024 | msn.com

Lear Corporation (LEA) Faced Challenging Environment for Electric Vehicle Production

March 13, 2024 | finance.yahoo.com

Lancaster Colony Corporation (LANC) Fell in Challenging Pricing Environment

March 11, 2024 | finance.yahoo.com

The Returns At Lancaster Colony (NASDAQ:LANC) Aren't Growing

March 6, 2024 | finance.yahoo.com

LANC Mar 2024 170.000 put

March 4, 2024 | msn.com

Lancaster downs The Colony, books first trip to state tournament since 2020

February 26, 2024 | seekingalpha.com

Lancaster: Keeping An Eye On The Promised Productive Improvement

February 26, 2024 | seekingalpha.com

Lancaster: Keeping An Eye On The Promised Productive Improvement

February 25, 2024 | msn.com

The list: See which central Ohio CEOs earn the most money

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Ex-Dividend for 3/29 Dividend: 3/06/2024
Dividend Payable: 3/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Staples
Industry: Canned, frozen, & preserved fruits, vegetables, & food special
Sub-Industry: Packaged Foods & Meats
Current Symbol: NASDAQ:LANC
CUSIP: 51384710
CIK: 57515
Web: www.lancastercolony.com
Phone: (614) 224-7141
Fax: 614-469-8219
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: +8.5%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.68
Trailing P/E Ratio: 39.13
Forward P/E Ratio: 28.31
P/E Growth: N/A
Net Income: $111.29 million
Net Margins: 6.92%
Pretax Margin: 8.96%
Return on Equity: 17.37%
Return on Assets: 13.45%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.48
Quick Ratio: 1.51

Sales & Book Value

Annual Sales: $1.82 billion
Price / Sales: 2.77
Cash Flow: $6.37 per share
Price / Cash Flow: 28.77
Book Value: $31.33 per share
Price / Book: 5.85

Miscellaneous

Outstanding Shares: 27,520,000
Free Float: 19,375,000
Market Cap: $5.04 billion
Optionable: Optionable
Beta: 0.35

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Key Executives

Mr. 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. (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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LANC Stock Analysis - Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 analysts have issued 1-year target prices 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 a possible upside of 8.2% from the stock's current price.
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 start of the year. Since then, LANC stock has increased by 10.4% and is now trading at $183.62.
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) announced its earnings results on Thursday, February, 1st. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.27. The business earned $485.92 million during the quarter, compared to analysts' expectations of $489 million. Lancaster Colony had a net margin of 6.92% and a trailing twelve-month return on equity of 17.37%.
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 paid a dividend of $0.90 per share on Friday, March 29th. This represents a $3.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date 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 1.89%. 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 ETFs hold Lancaster Colony's stock?: ETFs with the largest weight of Lancaster Colony (NASDAQ:LANC) stock in their portfolio include Leatherback Long/Short Alternative Yield ETF (LBAY), Victoryshares Dividend Accelerator ETF (VSDA), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Roundhill S&P Dividend Monarchs ETF (KNGS), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), ProShares Russell US Dividend Growers ETF (TMDV), First Trust Nasdaq Food & Beverage ETF (FTXG) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS).
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 number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.05%), Park National Corp OH (0.04%), Park Avenue Securities LLC (0.02%), CWM LLC (0.02%), Diversified Trust Co (0.02%) and State of Michigan Retirement System (0.02%). 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 4/19/2024 by MarketBeat.com Staff

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Lancaster Colony (LANC) Stock Price, News & Analysis

Lancaster Colony MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lancaster Colony Stock (NASDAQ:LANC)

LANC Stock Price History

LANC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

LANC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™