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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:LANC

Lancaster Colony Stock Forecast, Price & News

$132.27
+3.50 (+2.72%)
(As of 06/24/2022 04:00 PM ET)
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Today's Range
$128.35
$132.78
50-Day Range
$118.64
$158.88
52-Week Range
$116.85
$201.31
Volume
183,761 shs
Average Volume
122,743 shs
Market Capitalization
$3.64 billion
P/E Ratio
39.60
Dividend Yield
2.42%
Price Target
$153.67
30 days | 90 days | 365 days | Advanced Chart

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LANC Stock Forecast (MarketRank)

Overall MarketRank

2.96 out of 5 stars

Consumer Staples Sector

11th out of 188 stocks

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

1st out of 6 stocks

Analyst Opinion: 2.0Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 4.2Valuation: 1.9 5 -4 -3 -2 -1 -
Lancaster Colony logo

About Lancaster Colony (NASDAQ:LANC)

Lancaster Colony Corporation manufactures and markets food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It 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, Cardini's, and Girard's; flatbread wraps and pizza crusts under the Flatout brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti; frozen pasta under the Marzetti Frozen Pasta brand; and vegetable and fruit dips under the Marzetti brand. In addition, it 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 News Headlines

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Industry, Sector and Symbol

Industry
Canned, frozen, & preserved fruits, vegetables, & food special
Sub-Industry
Packaged Foods & Meats
Current Symbol
NASDAQ:LANC
CUSIP
51384710
Employees
3,200
Year Founded
1961

Company Calendar

Ex-Dividend for 3/31 Dividend
3/08/2022
Dividend Payable
3/31/2022
Last Earnings
5/05/2022
Ex-Dividend for 6/30 Dividend
6/08/2022
Today
6/26/2022
Dividend Payable
6/30/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/25/2022

Price Target and Rating

Average Stock Price Forecast
$153.67
High Stock Price Forecast
$181.00
Low Stock Price Forecast
$140.00
Forecasted Upside/Downside
+16.2%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
4 Analysts

Profitability

Net Income
$142.33 million
Pretax Margin
7.41%

Debt

Sales & Book Value

Annual Sales
$1.47 billion
Cash Flow
$6.88 per share
Book Value
$30.61 per share

Miscellaneous

Free Float
19,293,000
Market Cap
$3.64 billion
Optionable
Optionable
Beta
0.18

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Lancaster Colony Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Lancaster Colony stock. 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 analyst ratings for Lancaster Colony
or view top-rated stocks.

What is Lancaster Colony's stock price forecast for 2022?

4 Wall Street research analysts have issued 12-month target prices for Lancaster Colony's shares. Their LANC stock forecasts range from $140.00 to $181.00. On average, they anticipate Lancaster Colony's stock price to reach $153.67 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
View analysts' price targets for Lancaster Colony
or view top-rated stocks among Wall Street analysts.

How has Lancaster Colony's stock performed in 2022?

Lancaster Colony's stock was trading at $165.60 at the beginning of 2022. Since then, LANC shares have decreased by 20.1% and is now trading at $132.27.
View the best growth stocks for 2022 here
.

When is Lancaster Colony's next earnings date?

Lancaster Colony is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our earnings forecast for Lancaster Colony
.

How were Lancaster Colony's earnings last quarter?

Lancaster Colony Co. (NASDAQ:LANC) announced its earnings results on Thursday, May, 5th. The company reported $0.46 earnings per share for the quarter. The firm earned $403.49 million during the quarter. Lancaster Colony had a trailing twelve-month return on equity of 12.98% and a net margin of 5.73%.
View Lancaster Colony's earnings history
.

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

Lancaster Colony declared a quarterly dividend on Friday, May 20th. Shareholders of record on Thursday, June 9th will be given a dividend of $0.80 per share on Thursday, June 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, June 8th.
View Lancaster Colony's dividend history
.

Is Lancaster Colony a good dividend stock?

Lancaster Colony(NASDAQ:LANC) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.42%. Lancaster Colony 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 of Lancaster Colony is 95.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Lancaster Colony will have a dividend payout ratio of 84.43% in the coming year. This indicates that Lancaster Colony may not be able to sustain their current dividend.
View Lancaster Colony's dividend history.

Who are Lancaster Colony's key executives?

Lancaster Colony's management team includes the following people:
  • Mr. John B. Gerlach Jr., Exec. Chairman (Age 67, Pay $307.75k)
  • Mr. David A. Ciesinski, Pres, CEO & Director (Age 56, Pay $2.14M)
  • Mr. Thomas K. Pigott, VP, Assistant Sec. & CFO (Age 57, Pay $1.07M)
  • Mr. David S. Nagle, Chief Supply Chain Officer of T. Marzetti Company (Age 57, Pay $844.31k)
  • Mr. Carl R. Stealey, Pres of Retail Division at T. Marzetti Company (Age 51, Pay $880.94k)
  • Ms. Kristin J. Bird, Pres of Foodservice Division of T. Marzetti Company (Age 51, Pay $890.06k)
  • Dale N. Ganobsik, VP of Investor Relations & Treasurer
  • Mr. Matthew R. Shurte, Gen. Counsel, Chief Ethics Officer & Sec. (Age 54)
  • Mr. Douglas A. Fell, Transformation Program Officer (Age 60)
  • Janet A. Murch, Corp. Controller

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

2 employees have rated Lancaster Colony CEO Jay Gerlach Jr. on Glassdoor.com. Jay Gerlach Jr. has an approval rating of 100% among Lancaster Colony'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 (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 shareholders include BlackRock Inc. (8.06%), Vanguard Group Inc. (7.48%), State Street Corp (6.65%), Champlain Investment Partners LLC (3.70%), Neuberger Berman Group LLC (2.91%) and Dimensional Fund Advisors LP (1.74%). Company insiders that own Lancaster Colony stock include Alan F Harris, David S Nagle, John B Gerlach Jr, K Pigott Thomas and Neeli Bendapudi.
View institutional ownership trends for Lancaster Colony
.

Which institutional investors are selling Lancaster Colony stock?

LANC stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, Victory Capital Management Inc., Neuberger Berman Group LLC, Invesco Ltd., UBS Group AG, Goldman Sachs Group Inc., Bahl & Gaynor Inc., and Robeco Institutional Asset Management B.V.. Company insiders that have sold Lancaster Colony company stock in the last two years include David S Nagle, and John B Gerlach Jr.
View insider buying and selling activity for Lancaster Colony
or view top insider-selling stocks.

Which institutional investors are buying Lancaster Colony stock?

LANC stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., State Street Corp, Vanguard Group Inc., Bridgewater Associates LP, First Trust Advisors LP, ProShare Advisors LLC, Landscape Capital Management L.L.C., and GW&K Investment Management LLC. Company insiders that have bought Lancaster Colony stock in the last two years include Alan F Harris, and K Pigott Thomas.
View insider buying and selling activity for Lancaster Colony
or or view top insider-buying stocks.

How do I buy shares of Lancaster Colony?

Shares of LANC 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 $132.27.

How much money does Lancaster Colony make?

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $3.64 billion and generates $1.47 billion in revenue each year. The company earns $142.33 million in net income (profit) each year or $3.34 on an earnings per share basis.

How many employees does Lancaster Colony have?

Lancaster Colony employs 3,200 workers across the globe.

When was Lancaster Colony founded?

Lancaster Colony was founded in 1961.

How can I contact Lancaster Colony?

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

This page (NASDAQ:LANC) was last updated on 6/26/2022 by MarketBeat.com Staff

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