NASDAQ:LANC

Lancaster Colony (LANC) Stock Forecast, Price & News

$167.27

-2.68 (-1.58%)

(As of 09/22/2023 ET)

Compare

Today's Range: $166.69
▼
$170.84
50-Day Range: $159.43
▼
$195.96
52-Week Range: $149.76
▼
$220.65

Volume: 83,982 shs
Average Volume: 148,549 shs
Market Capitalization: $4.60 billion

P/E Ratio: 41.51
Dividend Yield: 2.03%
Price Target: $226.00

Lancaster Colony MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 35.1% 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: 0.85
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 135 stocks

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

1st out of 5 stocks

3.5

Analyst's Opinion

Consensus Rating
Lancaster Colony has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $226.00, Lancaster Colony has a forecasted upside of 35.1% from its current price of $167.27.
Amount of Analyst Coverage
Lancaster Colony has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.24% 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.
Change versus previous month
Short interest in Lancaster Colony has recently decreased by 13.40%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Lancaster Colony pays a meaningful dividend of 2.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lancaster Colony has been increasing its dividend for 60 years.
Dividend Coverage
The dividend payout ratio of Lancaster Colony is 84.37%. 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 46.90% 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.

2.7

News and Social Media Coverage

News Sentiment
Lancaster Colony has a news sentiment score of 0.85. 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 is a higher news sentiment than the 0.66 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Lancaster Colony this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for LANC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
7 people have added Lancaster Colony to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lancaster Colony insiders have not sold or bought any company stock.
Percentage Held by Insiders
29.90% 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
60.49% of the stock of Lancaster Colony is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Lancaster Colony are expected to grow by 16.00% in the coming year, from $6.25 to $7.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lancaster Colony is 41.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lancaster Colony is 41.51, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.86.
Price to Book Value per Share Ratio
Lancaster Colony has a P/B Ratio of 5.34. 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

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

30 days | 90 days | 365 days | Advanced Chart

LANC Stock News Headlines

September 8, 2023 | marketbeat.com

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.

September 20, 2023 | finance.yahoo.com

Lancaster Colony Appoints George Knight to Board of Directors

September 24, 2023 | Behind the Markets (Ad)

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September 19, 2023 | americanbankingnews.com

Short Interest in Lancaster Colony Co. (NASDAQ:LANC) Declines By 13.4%

September 13, 2023 | msn.com

Lancaster Colony: Projected Earnings Trends Point To Lower Prices For Fiscal 2024

September 13, 2023 | msn.com

Lancaster Colony: Will This Beaten-Down Stock Bounce Back?

September 2, 2023 | finance.yahoo.com

We Wouldn't Be Too Quick To Buy Lancaster Colony Corporation (NASDAQ:LANC) Before It Goes Ex-Dividend

August 25, 2023 | msn.com

Loop Capital Maintains Lancaster Colony (LANC) Buy Recommendation

September 24, 2023 | Behind the Markets (Ad)

The World's First "$20 Trillion Drug

August 24, 2023 | markets.businessinsider.com

Loop Capital Maintains Buy Rating for Lancaster Colony: Here's What You Need To Know

August 24, 2023 | markets.businessinsider.com

Loop Capital Markets Sticks to Their Buy Rating for Lancaster Colony (LANC)

August 24, 2023 | finance.yahoo.com

Lancaster Colony Corporation (NASDAQ:LANC) Q4 2023 Earnings Call Transcript

August 24, 2023 | finance.yahoo.com

Q4 2023 Lancaster Colony Corp Earnings Call

August 23, 2023 | seekingalpha.com

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: 9/24/2023
Dividend Payable: 9/29/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Canned, frozen, & preserved fruits, vegetables, & food special
Sub-Industry: Packaged Foods & Meats
Sector: Consumer Staples
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 Forecast: $226.00
High Stock Price Forecast: $226.00
Low Stock Price Forecast: $226.00
Forecasted Upside/Downside: +35.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.03
Trailing P/E Ratio: 41.51
Forward P/E Ratio: 26.76
P/E Growth: N/A
Net Income: $111.29 million
Net Margins: 6.11%
Pretax Margin: 7.86%
Return on Equity: 15.02%
Return on Assets: 11.51%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.22
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $1.82 billion
Price / Sales: 2.53
Cash Flow: $6.61 per share
Price / Cash Flow: 25.32
Book Value: $31.33 per share
Price / Book: 5.34

Miscellaneous

Outstanding Shares: 27,530,000
Free Float: 19,297,000
Market Cap: $4.60 billion
Optionable: Optionable
Beta: 0.23

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Key Executives

Mr. John B. Gerlach Jr. (Age 68)
Exec. Chairman
Comp: $314.46k

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LANC Stock - Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 price objectives for Lancaster Colony's shares. 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 year. This suggests a possible upside of 35.1% 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 beginning of the year. Since then, LANC shares have decreased by 15.2% and is now trading at $167.27.
View the best growth stocks for 2023 here.
Are investors shorting Lancaster Colony?: Lancaster Colony saw a decline in short interest in August. As of August 31st, there was short interest totaling 622,200 shares, a decline of 13.4% from the August 15th total of 718,500 shares. Based on an average daily trading volume, of 155,500 shares, the short-interest ratio is currently 4.0 days. Currently, 3.2% of the company's shares are short sold.
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) issued its quarterly earnings data on Wednesday, August, 23rd. The company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by $0.26. The business earned $454.70 million during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business 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. Stockholders 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 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, September 7th.
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 Adaptive Core ETF (RULE), Leatherback Long/Short Alternative Yield ETF (LBAY), Invesco Food & Beverage ETF (PBJ), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Victoryshares Dividend Accelerator ETF (VSDA), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and First Trust Nasdaq Food & Beverage ETF (FTXG).

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 a variety of retail and institutional 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 $167.27.
How much money does Lancaster Colony make?: Lancaster Colony (NASDAQ:LANC) has a market capitalization of $4.60 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 9/24/2023 by MarketBeat.com Staff

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