NASDAQ:LANC

Lancaster Colony (LANC) Stock Price, News & Analysis

$191.51
-1.06 (-0.55%)
(As of 05/17/2024 ET)
Today's Range
$189.12
$192.82
50-Day Range
$183.62
$207.63
52-Week Range
$158.88
$215.31
Volume
106,382 shs
Average Volume
133,343 shs
Market Capitalization
$5.27 billion
P/E Ratio
39.73
Dividend Yield
1.88%
Price Target
$198.75

Lancaster Colony MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
3.8% Upside
$198.75 Price Target
Short Interest
Healthy
3.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
1.35mentions of Lancaster Colony in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.21%
From $6.52 to $6.99 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.

4.49 out of 5 stars

Consumer Staples Sector

19th out of 137 stocks

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

3rd 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

Lancaster Colony Continues Higher Cash Dividend
The 7 Best Dividend Stocks to Buy in May 2024
Here’s Why Lancaster Colony (LANC) Rose in Q1
Kinsler: The old ranger tells his tales
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/06/2024
Dividend Payable
3/29/2024
Last Earnings
5/02/2024
Today
5/17/2024
Ex-Dividend for 6/28 Dividend
6/07/2024
Dividend Payable
6/28/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/28/2024

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
+3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$111.29 million
Pretax Margin
9.30%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$6.54 per share
Book Value
$33.16 per share

Miscellaneous

Free Float
19,379,000
Market Cap
$5.27 billion
Optionable
Optionable
Beta
0.39

Social Links

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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 twelve months. 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 analysts have issued 1 year target prices for Lancaster Colony's shares. Their LANC share price targets range from $166.00 to $226.00. On average, they anticipate the company's share price to reach $198.75 in the next twelve months. This suggests a possible upside of 3.8% 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 beginning of 2024. Since then, LANC shares have increased by 15.1% and is now trading at $191.51.
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 Wednesday, August 28th 2024.
View our LANC earnings forecast
.

How were Lancaster Colony's earnings last quarter?

Lancaster Colony Co. (NASDAQ:LANC) posted its earnings results on Thursday, May, 2nd. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.02. The company had revenue of $471.40 million for the quarter, compared to the consensus estimate of $467.90 million. Lancaster Colony had a net margin of 7.10% and a trailing twelve-month return on equity of 18.96%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share.

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

Lancaster Colony announced a quarterly dividend on Thursday, May 16th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.90 per share on Friday, June 28th. This represents a $3.60 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, June 7th.
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 1.86%. 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 74.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LANC will have a dividend payout ratio of 51.50% 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.94%), William Blair Investment Management LLC (4.88%), Champlain Investment Partners LLC (2.21%), Silvercrest Asset Management Group LLC (1.53%), ProShare Advisors LLC (0.76%) and Bahl & Gaynor Inc. (0.49%). 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 5/17/2024 by MarketBeat.com Staff

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