Lancaster Colony - LANC Stock Forecast, Price & News

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.
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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.

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

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.

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.

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.

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 (BDX) and Ecolab (ECL).

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

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.
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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 $162.08.

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.

The company employs 3,200 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.