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NASDAQ:LANC

Lancaster Colony - LANC Stock Forecast, Price & News

$155.01
-7.07 (-4.36%)
(As of 09/27/2022 03:59 PM ET)
Add
Compare
Today's Range
$152.95
$162.36
50-Day Range
$129.03
$173.29
52-Week Range
$116.85
$177.07
Volume
8,677 shs
Average Volume
138,933 shs
Market Capitalization
$4.27 billion
P/E Ratio
47.70
Dividend Yield
2.01%
Price Target
$153.67

Lancaster Colony MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.5% Downside
$153.67 Price Target
Short Interest
Bearish
5.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.65mentions of Lancaster Colony in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$355,596 Sold Last Quarter
Proj. Earnings Growth
19.66%
From $5.85 to $7.00 Per Share

Overall MarketRank

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

2.23 out of 5 stars

Consumer Staples Sector

71st out of 144 stocks

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

4th out of 5 stocks

LANC stock logo

About Lancaster Colony (NASDAQ:LANC) Stock

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.

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LANC Stock News Headlines

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Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
Lancaster Colony Corp
Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
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Lancaster Colony LANC Trading Report
Lancaster Colony: Q4 Earnings Insights
Lancaster Colony Corp. Q4 Net Income Declines; Net Sales Up 17.3%
LANC Crosses Above Key Moving Average Level
Lancaster Colony: A Dividend King at a Discount
Is Lancaster (LANC) a Smart Long-Term Buy?
Lancaster Colony Remains Dead Money
See More Headlines
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LANC Company Calendar

Ex-Dividend for 6/30 Dividend
6/08/2022
Dividend Payable
6/30/2022
Last Earnings
8/25/2022
Ex-Dividend for 9/30 Dividend
9/08/2022
Today
9/27/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
6/30/2023

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

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
-0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$89.59 million
Pretax Margin
6.70%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Cash Flow
$5.74 per share
Book Value
$30.69 per share

Miscellaneous

Free Float
19,292,000
Market Cap
$4.27 billion
Optionable
Optionable
Beta
0.04

Social Links


Key Executives

  • Mr. John B. Gerlach Jr.Mr. John B. Gerlach Jr. (Age 67)
    Exec. Chairman
    Comp: $307.75k
  • Mr. David A. Ciesinski (Age 56)
    Pres, CEO & Director
    Comp: $2.14M
  • Mr. Thomas K. Pigott (Age 57)
    VP, Assistant Sec. & CFO
    Comp: $1.07M
  • Mr. David S. Nagle (Age 57)
    Chief Supply Chain Officer of T. Marzetti Company
    Comp: $844.31k
  • Mr. Carl R. Stealey (Age 51)
    Pres of Retail Division at T. Marzetti Company
    Comp: $880.94k
  • Ms. Kristin J. Bird (Age 51)
    Pres of Foodservice Division of T. Marzetti Company
    Comp: $890.06k
  • Dale N. Ganobsik
    VP of Investor Relations & Treasurer
  • Mr. Matthew R. Shurte (Age 54)
    Gen. Counsel, Chief Ethics Officer & Sec.
  • Mr. Douglas A. Fell (Age 60)
    Transformation Program Officer
  • Janet A. Murch
    Corp. Controller













LANC Stock - 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 year. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2022?

4 Wall Street analysts have issued 12-month price targets for Lancaster Colony's stock. Their LANC share price forecasts range from $140.00 to $181.00. On average, they anticipate the company's stock price to reach $153.67 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts price targets for LANC
or view top-rated stocks among Wall Street analysts.

How have LANC shares performed in 2022?

Lancaster Colony's stock was trading at $165.60 at the beginning of 2022. Since then, LANC shares have decreased by 2.1% and is now trading at $162.08.
View the best growth stocks for 2022 here
.

When is Lancaster Colony's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our LANC earnings forecast
.

How were Lancaster Colony's earnings last quarter?

Lancaster Colony Co. (NASDAQ:LANC) announced its earnings results on Thursday, August, 25th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.86. The business had revenue of $452.40 million for the quarter, compared to analysts' expectations of $415.53 million. Lancaster Colony had a net margin of 5.34% and a trailing twelve-month return on equity of 13.64%. The company's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $1.15 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 Wednesday, August 17th. Stockholders of record on Friday, September 9th will be given a dividend of $0.80 per share on Friday, September 30th. This represents a $3.20 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for LANC
.

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 2.01%. The company has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 98.46%. 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 45.71% 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 (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 a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (7.39%), Victory Capital Management Inc. (1.49%), London Co. of Virginia (1.48%), Renaissance Technologies LLC (1.33%), Northern Trust Corp (1.07%) and Boston Trust Walden Corp (0.90%). Insiders that own company stock include Alan F Harris, David S Nagle, John B Gerlach Jr and K Pigott Thomas.
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.

What is Lancaster Colony's stock price today?

One share of LANC stock can currently be purchased for approximately $162.08.

How much money does Lancaster Colony make?

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $4.46 billion and generates $1.68 billion in revenue each year. The company earns $89.59 million in net income (profit) each year or $3.25 on an earnings per share basis.

How many employees does Lancaster Colony have?

The company employs 3,200 workers across the globe.

How can I contact Lancaster Colony?

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.

This page (NASDAQ:LANC) was last updated on 9/27/2022 by MarketBeat.com Staff

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