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Lancaster Colony Stock Price, News & Analysis (NASDAQ:LANC)

$168.48
-0.75 (-0.44%)
(As of 12:51 PM ET)
Compare
Today's Range
$167.85
$169.55
50-Day Range
$162.58
$177.24
52-Week Range
$158.88
$220.65
Volume
47,721 shs
Average Volume
142,974 shs
Market Capitalization
$4.64 billion
P/E Ratio
39.55
Dividend Yield
2.14%
Price Target
$199.00

Lancaster Colony MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
18.0% Upside
$199.00 Price Target
Short Interest
Bearish
4.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.11mentions of Lancaster Colony in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.85%
From $6.07 to $6.85 Per Share

Overall MarketRank

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

2.49 out of 5 stars

Consumer Staples Sector

41st out of 126 stocks

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

2nd 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 Corp's Dividend Analysis
Lancaster Colony: Licenced Brands Create Room For Growth
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There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
19 Upcoming Dividend Increases, Including 3 Kings
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Lancaster Colony earnings: here's what Wall Street expects
Lancaster Colony Q1 2024 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/07/2023
Dividend Payable
9/29/2023
Last Earnings
11/02/2023
Ex-Dividend for 12/29 Dividend
12/01/2023
Today
12/06/2023
Dividend Payable
12/29/2023
Next Earnings (Estimated)
2/01/2024
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 Target
$199.00
High Stock Price Target
$226.00
Low Stock Price Target
$166.00
Potential Upside/Downside
+17.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$111.29 million
Pretax Margin
8.17%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$6.69 per share
Book Value
$31.33 per share

Miscellaneous

Free Float
19,372,000
Market Cap
$4.66 billion
Optionable
Optionable
Beta
0.27

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Key Executives















LANC Stock Analysis - Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LANC shares.
View LANC analyst ratings
or view top-rated stocks.

What is Lancaster Colony's stock price target for 2024?

3 equities research 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 share price to reach $199.00 in the next year. This suggests a possible upside of 18.0% 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 on January 1st, 2023. Since then, LANC shares have decreased by 14.5% and is now trading at $168.71.
View the best growth stocks for 2023 here
.

Are investors shorting Lancaster Colony?

Lancaster Colony saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 774,000 shares, an increase of 17.7% from the October 31st total of 657,600 shares. Based on an average daily trading volume, of 132,600 shares, the short-interest ratio is currently 5.8 days. Currently, 4.0% of the company's 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, February 1st 2024.
View our LANC earnings forecast
.

How were Lancaster Colony's earnings last quarter?

Lancaster Colony Co. (NASDAQ:LANC) issued its quarterly earnings results on Thursday, November, 2nd. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.16. The company earned $461.57 million during the quarter, compared to analyst estimates of $445.90 million. Lancaster Colony had a trailing twelve-month return on equity of 16.02% and a net margin of 6.33%.

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

Lancaster Colony announced a quarterly dividend on Wednesday, November 8th. Stockholders of record on Monday, December 4th will be paid a dividend of $0.90 per share on Friday, December 29th. This represents a $3.60 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, December 1st. This is a boost from the stock's previous quarterly dividend of $0.85.
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 2.15%. 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 84.51%. 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 52.55% 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 variety of retail and institutional investors. Top institutional investors include William Blair Investment Management LLC (4.75%), Diamond Hill Capital Management Inc. (2.17%), London Co. of Virginia (1.44%), Victory Capital Management Inc. (1.19%), Morgan Stanley (1.17%) and Northern Trust Corp (1.05%). 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.

This page (NASDAQ:LANC) was last updated on 12/6/2023 by MarketBeat.com Staff

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