Lancaster Colony - LANC Stock Forecast, Price & News

4 Wall Street 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 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 twelve-month target prices for Lancaster Colony's shares. Their LANC share price forecasts range from $140.00 to $181.00. On average, they anticipate the company's share price to reach $153.67 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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Lancaster Colony's stock was trading at $165.60 at the beginning of the year. Since then, LANC stock has decreased by 11.6% and is now trading at $146.37.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our LANC earnings forecast.

Lancaster Colony will be holding an earnings conference call on Thursday, August 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Lancaster Colony Co. (NASDAQ:LANC) announced its quarterly earnings results on Wednesday, November, 3rd. The company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.63 by $0.52. The business earned $392.06 million during the quarter, compared to the consensus estimate of $406.80 million. Lancaster Colony had a net margin of 5.73% and a trailing twelve-month return on equity of 12.98%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS.

Lancaster Colony declared a quarterly dividend on Friday, May 20th. Investors of record on Thursday, June 9th will be given a dividend of $0.80 per share on Thursday, June 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, June 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 2.22%. 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 95.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LANC will have a dividend payout ratio of 84.43% in the coming year. This indicates that the company may not be able to sustain their current 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 many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.49%), Renaissance Technologies LLC (1.33%), Northern Trust Corp (1.07%), Boston Trust Walden Corp (0.90%), ProShare Advisors LLC (0.81%) and WCM Investment Management LLC (0.34%). Insiders that own company stock include Alan F Harris, David S Nagle, John B Gerlach Jr, K Pigott Thomas and Neeli Bendapudi.
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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 $146.37.

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $4.03 billion and generates $1.47 billion in revenue each year. The company earns $142.33 million in net income (profit) each year or $3.34 on an earnings per share basis.

The company employs 3,200 workers across the globe.

Lancaster Colony was founded in 1961.

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.