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NASDAQ:LANC

Lancaster Colony (LANC) Stock Forecast, Price & News

$167.46
+1.80 (+1.09%)
(As of 09/26/2023 ET)
Compare
Today's Range
$165.87
$167.75
50-Day Range
$159.43
$195.96
52-Week Range
$149.76
$220.65
Volume
96,888 shs
Average Volume
149,212 shs
Market Capitalization
$4.61 billion
P/E Ratio
41.55
Dividend Yield
2.03%
Price Target
$226.00

Lancaster Colony MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.0% Upside
$226.00 Price Target
Short Interest
Healthy
3.24% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.85mentions of Lancaster Colony in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.00%
From $6.25 to $7.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.20 out of 5 stars

Consumer Staples Sector

2nd out of 132 stocks

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

1st out of 5 stocks


LANC stock logo

About Lancaster Colony (NASDAQ:LANC) Stock

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 Price History

LANC Stock News Headlines

3 Dividend Kings Poised to Outperform the Market (LANC)
Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.
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Q4 2023 Lancaster Colony Corp Earnings Call
More on Lancaster Colony
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See More Headlines
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LANC Company Calendar

Ex-Dividend for 6/30 Dividend
6/08/2023
Dividend Payable
6/30/2023
Last Earnings
8/23/2023
Ex-Dividend for 9/29 Dividend
9/07/2023
Today
9/26/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/02/2023
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 Forecast
$226.00
High Stock Price Forecast
$226.00
Low Stock Price Forecast
$226.00
Forecasted Upside/Downside
+35.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$111.29 million
Pretax Margin
7.86%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$6.58 per share
Book Value
$31.33 per share

Miscellaneous

Free Float
19,297,000
Market Cap
$4.59 billion
Optionable
Optionable
Beta
0.23

Social Links

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Key Executives

  • Mr. John B. Gerlach Jr.Mr. John B. Gerlach Jr. (Age 68)
    Exec. Chairman
    Comp: $314.46k
  • Mr. David A. CiesinskiMr. David A. Ciesinski (Age 57)
    Pres, CEO & Director
    Comp: $1.44M
  • Mr. Thomas K. Pigott (Age 58)
    VP, Assistant Sec. & CFO
    Comp: $818.36k
  • Mr. David S. Nagle (Age 58)
    Chief Supply Chain Officer of T. Marzetti Company
    Comp: $602.07k
  • Mr. Carl R. Stealey (Age 52)
    Pres of Retail Division at T. Marzetti Company
    Comp: $694.04k
  • Ms. Kristin J. Bird (Age 52)
    Pres of Foodservice Division of T. Marzetti Company
    Comp: $633.32k
  • Dale N. Ganobsik
    VP of Corp. Fin., Investor Relations & Treasurer
  • Mr. Matthew R. Shurte (Age 55)
    Gen. Counsel, Chief Ethics Officer & Sec.
  • Janet A. Murch
    Corp. Controller













LANC Stock - Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" LANC shares.
View LANC analyst ratings
or view top-rated stocks.

What is Lancaster Colony's stock price forecast for 2023?

1 brokers have issued 12 month target prices for Lancaster Colony's stock. Their LANC share price forecasts range from $226.00 to $226.00. On average, they anticipate the company's share price to reach $226.00 in the next twelve months. This suggests a possible upside of 35.6% 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 2023?

Lancaster Colony's stock was trading at $197.30 at the start of the year. Since then, LANC shares have decreased by 15.5% and is now trading at $166.70.
View the best growth stocks for 2023 here
.

Are investors shorting Lancaster Colony?

Lancaster Colony saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 622,200 shares, a decrease of 13.4% from the August 15th total of 718,500 shares. Based on an average trading volume of 155,500 shares, the short-interest ratio is presently 4.0 days. Approximately 3.2% of the shares of the stock are sold short.
View Lancaster Colony's Short Interest
.

When is Lancaster Colony's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our LANC earnings forecast
.

How were Lancaster Colony's earnings last quarter?

Lancaster Colony Co. (NASDAQ:LANC) posted its quarterly earnings results on Wednesday, August, 23rd. The company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.29 by $0.26. The business earned $454.70 million during the quarter, compared to analysts' expectations of $481.13 million. Lancaster Colony had a net margin of 6.11% and a trailing twelve-month return on equity of 15.02%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 EPS.

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

Lancaster Colony declared a quarterly dividend on Wednesday, August 16th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.85 per share on Friday, September 29th. This represents a $3.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for LANC
.

Is Lancaster Colony a good dividend stock?

Lancaster Colony (NASDAQ:LANC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 60 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 84.37%. 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 46.90% 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).

What is Lancaster Colony's stock symbol?

Lancaster Colony trades on the NASDAQ under the ticker symbol "LANC."

Who are Lancaster Colony's major shareholders?

Lancaster Colony's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.81%), State Street Corp (5.16%), William Blair Investment Management LLC (4.22%), Champlain Investment Partners LLC (2.36%), Silvercrest Asset Management Group LLC (2.01%) and Diamond Hill Capital Management Inc. (1.96%). Insiders that own company stock include Alan F Harris, David Alan Ciesinski, David S Nagle, John B Gerlach Jr, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lancaster Colony's stock price today?

One share of LANC stock can currently be purchased for approximately $166.70.

How much money does Lancaster Colony make?

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $4.59 billion and generates $1.82 billion in revenue each year. The company earns $111.29 million in net income (profit) each year or $4.03 on an earnings per share basis.

How many employees does Lancaster Colony have?

The company employs 3,400 workers across the globe.

How can I contact Lancaster Colony?

Lancaster Colony's mailing address is 380 POLARIS PARKWAY SUITE 400, WESTERVILLE OH, 43082. The official website for the company is www.lancastercolony.com. The company can be reached via phone at (614) 224-7141, via email at ir@lancastercolony.com, or via fax at 614-469-8219.

This page (NASDAQ:LANC) was last updated on 9/26/2023 by MarketBeat.com Staff

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