Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company's food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar. Its brands include Marzetti, Marzetti Simply Dressed, Cardini's, Girard's, Katherine's Kitchen, New York BRAND Bakery, Mamma Bella's, Sister Schubert's, Mary B's, Inn Maid, Amish Kitchen, Reames, Aunt Vi's, Flatout and Romanoff. It manufactures and sells other products pursuant to brand license agreements, including Olive Garden dressing, Jack Daniel's mustards and Hungry Girl flatbreads. A portion of its sales are dressing packets, frozen specialty noodles, pasta and flatbreads sold to industrial customers for use as ingredients or components in their products.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Food Ingredients
- Sub-Industry: Packaged Foods & Meats
- Symbol: NASDAQ:LANC
- CUSIP: 51384710
- Web: www.lancastercolony.com
- Market Cap: $3.45 billion
- Outstanding Shares: 27,443,000
- 50 Day Moving Avg: $124.46
- 200 Day Moving Avg: $128.59
- 52 Week Range: $117.50 - $149.30
Sales & Book Value:
- Trailing P/E Ratio: 29.51
- Foreward P/E Ratio: 25.37
- P/E Growth: 8.85
- Annual Revenue: $1.2 billion
- Price / Sales: 2.87
- Book Value: $20.38 per share
- Price / Book: 6.16
- Annual Dividend: $2.20
- Dividend Yield: 1.7%
- EBIDTA: $221.45 million
- Net Margins: 9.82%
- Return on Equity: 23.80%
- Return on Assets: 19.01%
- Current Ratio: 3.20%
- Quick Ratio: 2.34%
- Average Volume: 118,924 shs.
- Beta: 1.02
- Short Ratio: 2.4
Frequently Asked Questions for Lancaster Colony Corporation (NASDAQ:LANC)
What is Lancaster Colony Corporation's stock symbol?
Lancaster Colony Corporation trades on the NASDAQ under the ticker symbol "LANC."
How often does Lancaster Colony Corporation pay dividends? What is the dividend yield for Lancaster Colony Corporation?
Lancaster Colony Corporation announced a quarterly dividend on Thursday, May 25th. Stockholders of record on Thursday, June 8th will be paid a dividend of $0.55 per share on Friday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, June 6th. View Lancaster Colony Corporation's Dividend History.
How were Lancaster Colony Corporation's earnings last quarter?
Lancaster Colony Corporation (NASDAQ:LANC) released its quarterly earnings data on Thursday, August, 18th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. The firm earned $284.50 million during the quarter, compared to the consensus estimate of $291.72 million. Lancaster Colony Corporation had a return on equity of 23.80% and a net margin of 9.82%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. View Lancaster Colony Corporation's Earnings History.
When will Lancaster Colony Corporation make its next earnings announcement?
Where is Lancaster Colony Corporation's stock going? Where will Lancaster Colony Corporation's stock price be in 2017?
6 brokers have issued 12 month target prices for Lancaster Colony Corporation's stock. Their predictions range from $128.00 to $160.00. On average, they anticipate Lancaster Colony Corporation's share price to reach $148.00 in the next twelve months. View Analyst Ratings for Lancaster Colony Corporation.
What are analysts saying about Lancaster Colony Corporation stock?
Here are some recent quotes from research analysts about Lancaster Colony Corporation stock:
- 1. According to Zacks Investment Research, "Lancaster Colony Corp. manufactures and markets three families of products: Glassware and Candles; Specialty Foods; and Automotive. Consumer glassware includes a diverse line of decorative and ornamental products such as tumblers, bowls, pitchers, jars and barware. The food products manufactured and sold include salad dressings and sauces; fruit glazes, veggie dips and fruit dips; frozen unbaked pies. It also manufactures and sells a complete line of rubber, vinyl and carpeted car mats both in the aftermarket and to original equipment manufacturers. " (7/5/2017)
- 2. Wedbush analysts commented, "The Wedbush View: We expect a combination of sustained organic retail sales growth outperformance, strategic acquisitions, and foodservice reacceleration to sustain best-in-class returns on capital and drive EPS and FCF growth ahead of expectations. EPS below expectations on SG&A investments and gross margin headwinds, despite top line outperformance. Adj. EPS of $0.95 was below $1.07 cons., on revenue of $294M vs. our $290M expectation and consensus for $287M. Higher SG&A drove $0.06 of the shortfall vs. our model, with gross margin compression on lower flow-through from reduced foodservice pricing accounting for the rest." (4/24/2017)
Who are some of Lancaster Colony Corporation's key competitors?
Some companies that are related to Lancaster Colony Corporation include Lamb Weston Holdings (LW), Pilgrim's Pride Corporation (PPC), Post Holdings (POST), Compania Cervecerias Unidas, S.A. (CCU), Treehouse Foods (THS), The Hain Celestial Group (HAIN), Blue Buffalo Pet Products (BUFF), Energizer Holdings (EPC), Tate & Lyle PLC (TATYY), Flowers Foods (FLO), Snyder's-Lance (LNCE), Nu Skin Enterprises (NUS), New York Times Company (The) (NYT), John Wiley & Sons (JW.A), Tupperware Brands Corporation (TUP), 51job (JOBS), Sanderson Farms (SAFM) and Energizer Holdings (ENR).
Who are Lancaster Colony Corporation's key executives?
Lancaster Colony Corporation's management team includes the folowing people:
- John B. Gerlach Jr., Executive Chairman of the Board
- David A. Ciesinski, President, , Chief Compliance Officer, Director
- Douglas A. Fell, Chief Financial Officer, Vice President, Treasurer, Assistant Secretary
- James B. Bachmann, Lead Independent Director
- Neeli Bendapudi, Independent Director
- William H. Carter, Independent Director
- Kenneth L. Cooke, Independent Director
- Robert L. Fox, Independent Director
Who owns Lancaster Colony Corporation stock?
Lancaster Colony Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.47%), Public Employees Retirement Association of Colorado (0.51%), Aperio Group LLC (0.27%), Bank of Montreal Can (0.19%), Russell Investments Group Ltd. (0.09%) and Acadian Asset Management LLC (0.07%). View Institutional Ownership Trends for Lancaster Colony Corporation.
Who sold Lancaster Colony Corporation stock? Who is selling Lancaster Colony Corporation stock?
Lancaster Colony Corporation's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Aperio Group LLC, Russell Investments Group Ltd., Municipal Employees Retirement System of Michigan, US Bancorp DE, Fisher Asset Management LLC and Park National Corp OH. View Insider Buying and Selling for Lancaster Colony Corporation.
Who bought Lancaster Colony Corporation stock? Who is buying Lancaster Colony Corporation stock?
Lancaster Colony Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, ING Groep NV, Oregon Public Employees Retirement Fund, LS Investment Advisors LLC, Louisiana State Employees Retirement System, Strs Ohio, State Treasurer State of Michigan and Capstone Asset Management Co.. View Insider Buying and Selling for Lancaster Colony Corporation.
How do I buy Lancaster Colony Corporation stock?
Shares of Lancaster Colony Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lancaster Colony Corporation's stock price today?
MarketBeat Community Rating for Lancaster Colony Corporation (NASDAQ LANC)MarketBeat's community ratings are surveys of what our community members think about Lancaster Colony Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Lancaster Colony Corporation stock can currently be purchased for approximately $125.59.
Consensus Ratings for Lancaster Colony Corporation (NASDAQ:LANC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$148.00 (17.84% upside)|
Analysts' Ratings History for Lancaster Colony Corporation (NASDAQ:LANC)
(Data available from 7/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/30/2017||Vertical Group||Upgrade||Hold -> Buy||$123.00 -> $146.00||Low|
|5/26/2017||Vertical Research||Upgrade||Hold -> Buy||High|
|1/30/2017||CL King||Initiated Coverage||Buy||$158.00||N/A|
|11/4/2016||Longbow Research||Initiated Coverage||Neutral||N/A|
|8/8/2016||DA Davidson||Boost Price Target||Neutral||$120.00 -> $128.00||N/A|
|5/9/2016||BB&T Corporation||Downgrade||Buy -> Hold||N/A|
Earnings History for Lancaster Colony Corporation (NASDAQ:LANC)Earnings History by Quarter for Lancaster Colony Corporation (NASDAQ LANC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/27/2017||Q3 2017||$1.09||$0.95||$286.37 million||$293.83 million||View||N/A|
|1/26/2017||Q217||$1.36||$1.42||$329.66 million||$326.80 million||View||N/A|
|10/27/2016||Q117||$1.12||$1.22||$304.30 million||$294.10 million||View||Listen|
|8/18/2016||Q416||$1.03||$1.12||$291.72 million||$284.50 million||View||Listen|
|4/28/2016||Q316||$0.83||$1.06||$278.49 million||$287.80 million||View||Listen|
|1/28/2016||Q216||$1.35||$1.25||$332.20 million||$324.30 million||View||Listen|
|10/29/2015||Q116||$0.91||$1.01||$278.70 million||$294.10 million||View||Listen|
|8/20/2015||Q415||$0.85||$0.93||$275.52 million||$277.70 million||View||Listen|
|4/30/2015||Q315||$0.74||$0.75||$256.50 million||$263.40 million||View||Listen|
|1/29/2015||Q215||$1.28||$1.20||$300.50 million||$303.40 million||View||Listen|
|10/30/2014||Q115||$0.83||$0.83||$259.00 million||$260.00 million||View||Listen|
|8/21/2014||Q414||$0.99||$0.76||$257.00 million||$259.00 million||View||Listen|
|5/1/2014||Q314||$0.84||$0.69||$250.33 million||$242.00 million||View||Listen|
|1/31/2014||Q214||$1.22||$1.44||$326.43 million||$336.00 million||View||Listen|
|10/31/2013||Q114||$0.94||$0.91||$282.93 million||$286.00 million||View||Listen|
|8/22/2013||Q4 2013||$0.94||$0.93||$282.93 million||$269.00 million||View||Listen|
|4/25/2013||Q3 2013||$0.81||$0.80||$279.50 million||$279.51 million||View||Listen|
|1/31/2013||Q2 2013||$1.25||$1.28||$329.77 million||$326.00 million||View||Listen|
|8/23/2012||Q412||$0.79||$0.95||$263.07 million||$274.00 million||View||N/A|
Earnings Estimates for Lancaster Colony Corporation (NASDAQ:LANC)
2017 EPS Consensus Estimate: $4.71
2018 EPS Consensus Estimate: $4.88
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Lancaster Colony Corporation (NASDAQ:LANC)
|Most Recent Dividend:||6/30/2017|
|Dividend Growth:||-1.50% (3 Year Average)|
|Payout Ratio:||51.28% (Trailing 12 Months of Earnings) |
46.81% (Based on This Year's Estimates)
44.44% (Based on Next Year's Estimates)
|Track Record:||54 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Lancaster Colony Corporation (NASDAQ LANC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Lancaster Colony Corporation (NASDAQ:LANC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Lancaster Colony Corporation (NASDAQ:LANC)
Latest Headlines for Lancaster Colony Corporation (NASDAQ:LANC)
|Lancaster Colony Corp. breached its 50 day moving average in a Bullish Manner : LANC-US : July 20, 2017|
finance.yahoo.com - July 21 at 1:09 AM
|Contrasting Lancaster Colony Corporation (NASDAQ:LANC) and Internationa Flavors & Fragrances (IFF)|
www.americanbankingnews.com - July 19 at 4:12 PM
|Wondering What's for Dinner? T. Marzetti Company Has The Answer|
finance.yahoo.com - July 18 at 4:31 PM
|Lancaster Colony Corporation (LANC) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - July 17 at 11:46 AM
|Lancaster Colony Corp. (LANC) – A Small Cap Dividend Giant|
investorplace.com - July 13 at 10:09 AM
|Bakery acquired by Lancaster Colony doubling in size, adding 50 jobs|
www.bizjournals.com - June 21 at 4:02 PM
|Lancaster Colony Corp. – Value Analysis (NASDAQ:LANC) : June 20, 2017|
finance.yahoo.com - June 20 at 7:12 PM
|Lancaster Colony Corporation (LANC) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - June 20 at 8:20 AM
|Lancaster Colony Corp. breached its 50 day moving average in a Bearish Manner : LANC-US : June 19, 2017|
finance.yahoo.com - June 19 at 11:59 AM
|Lancaster Colony (LANC) Presents At Baird's 2017 Global Consumer, Technology & Services Conference - Slideshow|
seekingalpha.com - June 9 at 9:16 AM
|Lancaster Colony Corp. : LANC-US: Dividend Analysis : June 07th, 2017 (record date) : By the numbers : June 7, 2017|
finance.yahoo.com - June 7 at 5:52 PM
|Critical Review: Amira Nature Foods (ANFI) versus Lancaster Colony Corp. (LANC)|
www.americanbankingnews.com - June 7 at 10:18 AM
|Dividend Coverage: This Food Major has Raised Dividend for 54 Consecutive Years; Will Trade Ex Dividend on June 6, 2017|
finance.yahoo.com - June 5 at 9:52 AM
|Ex-Dividend Reminder: Lancaster Colony, PulteGroup and Cinemark Holdings|
www.nasdaq.com - June 2 at 7:36 PM
|Lancaster Colony Corp. breached its 50 day moving average in a Bullish Manner : LANC-US : June 2, 2017|
finance.yahoo.com - June 2 at 7:36 PM
|Lancaster Colony To Present At Baird 2017 Global Consumer, Technology & Services Conference|
finance.yahoo.com - May 31 at 6:37 PM
|Lancaster Colony Corp. (LANC) Raised to "Buy" at Vertical Group|
www.americanbankingnews.com - May 30 at 5:02 PM
|Lancaster Colony Corp. (LANC) Names David A. Ciesinski as CEO|
www.streetinsider.com - May 26 at 7:02 PM
|Lancaster Colony names Heinz veteran its new CEO|
www.bizjournals.com - May 26 at 7:02 PM
|Lancaster Colony Corp. (LANC) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - May 26 at 11:17 AM
|Lancaster Colony Corp. (LANC) Rating Increased to Buy at Vertical Research|
www.americanbankingnews.com - May 26 at 9:25 AM
|ETFs with exposure to Lancaster Colony Corp. : May 25, 2017|
finance.yahoo.com - May 26 at 3:02 AM
|Lancaster Colony Corporation Names David A. Ciesinski Chief Executive Officer|
finance.yahoo.com - May 26 at 3:02 AM
|Lancaster Colony appoints new CEO|
seekingalpha.com - May 25 at 3:40 PM
|Lancaster Colony Corp. (LANC) to Issue Quarterly Dividend of $0.55|
www.americanbankingnews.com - May 25 at 3:18 PM
|Lancaster Colony Corp. (LANC) Sees Significant Increase in Short Interest|
www.americanbankingnews.com - May 13 at 7:32 AM
|PHOTOS: Unispace gets striking skyline views, more room in move to top of One Columbus|
www.bizjournals.com - May 9 at 6:00 PM
|ETFs with exposure to Lancaster Colony Corp. : May 9, 2017|
finance.yahoo.com - May 9 at 6:00 PM
|Lancaster Colony Corp. :LANC-US: Earnings Analysis: Q3, 2017 By the Numbers : May 8, 2017|
finance.yahoo.com - May 8 at 5:49 PM
|Lancaster Colony Corp. (LANC) Earns News Impact Rating of -0.29|
www.americanbankingnews.com - May 4 at 10:37 AM
|Lancaster Colony Corp. (LANC) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - May 2 at 12:40 AM
|Somewhat Positive Press Coverage Somewhat Likely to Impact Lancaster Colony Corp. (LANC) Stock Price|
www.americanbankingnews.com - May 1 at 7:32 PM
|FY2017 Earnings Estimate for Lancaster Colony Corp. (LANC) Issued By Wedbush|
www.americanbankingnews.com - May 1 at 9:53 AM
|Lancaster Colony Corp. (LANC) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS|
www.americanbankingnews.com - April 29 at 1:29 AM
|Lancaster Colony Corp. (LANC) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS|
www.americanbankingnews.com - April 29 at 1:25 AM
|Lancaster Colony Corp. (LANC) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS|
www.americanbankingnews.com - April 29 at 1:24 AM
|Lancaster Colony Corp. (LANC) Given Daily News Impact Score of 0.04|
www.americanbankingnews.com - April 28 at 5:45 PM
|Edited Transcript of LANC earnings conference call or presentation 27-Apr-17 2:00pm GMT|
finance.yahoo.com - April 28 at 9:40 AM
|BRIEF-Lancaster Colony Q3 EPS $0.53 including items|
www.reuters.com - April 27 at 6:48 PM
|Lancaster Colony Corp Reveals 50% Drop In Q3 Profit|
www.rttnews.com - April 27 at 6:48 PM
|Lancaster Colony Reports Third Quarter Sales And Earnings|
finance.yahoo.com - April 27 at 9:11 AM
|Lancaster Colony posts 3Q profit|
finance.yahoo.com - April 27 at 9:11 AM
|Lancaster Colony Corp. (LANC) Receiving Positive Press Coverage, Analysis Shows|
www.americanbankingnews.com - April 25 at 2:09 PM
|Lancaster Colony Corp. (LANC) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - April 25 at 9:57 AM
|Lancaster Colony Corp. (LANC) Rating Reiterated by Wedbush|
www.americanbankingnews.com - April 24 at 2:08 PM
|Lancaster Colony Corp. (LANC) Receives Media Sentiment Score of 0.57|
www.americanbankingnews.com - April 19 at 10:24 AM
|Lancaster Colony To Webcast Third Quarter Fiscal Year 2017 conference Call|
finance.yahoo.com - April 18 at 10:45 AM
|Lancaster Colony Corp. (LANC) Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - April 18 at 7:12 AM
|Lancaster Colony Corp. (LANC) Earns Daily News Impact Score of 0.20|
www.americanbankingnews.com - April 15 at 5:15 PM
|Zacks Investment Research Downgrades Lancaster Colony Corp. (LANC) to Hold|
www.americanbankingnews.com - April 14 at 2:04 PM
Lancaster Colony Corporation (LANC) Chart for Thursday, July, 27, 2017