Lancaster Colony (LANC) Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" LANC shares.
View LANC analyst ratings or view top-rated stocks.

1 Wall Street analysts 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 expect 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.

Lancaster Colony's stock was trading at $197.30 at the beginning of the year. Since then, LANC stock has decreased by 15.2% and is now trading at $167.27.
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Lancaster Colony saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 622,200 shares, a drop 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 currently 4.0 days. Approximately 3.2% of the shares of the company are short sold.
View Lancaster Colony's Short Interest.

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

Lancaster Colony Co. (NASDAQ:LANC) released its quarterly earnings results 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 had revenue of $454.70 million for the quarter, compared to analyst estimates of $481.13 million. Lancaster Colony had a trailing twelve-month return on equity of 15.02% and a net margin of 6.11%. The firm's revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share.

Lancaster Colony announced a quarterly dividend on Wednesday, August 16th. Investors 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 dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for LANC.

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).

Lancaster Colony (NASDAQ:LANC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.96%. 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.

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.

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).

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

Lancaster Colony's stock is owned by many different 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.
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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.
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One share of LANC stock can currently be purchased for approximately $167.27.

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.

The company employs 3,400 workers across the globe.

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.