Lancaster Colony (LANC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lancaster Colony in the last twelve months. There are currently 1 hold rating 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.

Lancaster Colony's stock was trading at $197.30 at the beginning of 2023. Since then, LANC shares have increased by 3.1% and is now trading at $203.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our LANC earnings forecast.

Lancaster Colony Co. (NASDAQ:LANC) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by $0.11. The firm had revenue of $464.94 million for the quarter, compared to analysts' expectations of $443.08 million. Lancaster Colony had a trailing twelve-month return on equity of 16.13% and a net margin of 7.21%. The business's revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share.

Lancaster Colony declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Friday, June 9th will be given a dividend of $0.85 per share on Friday, June 30th. This represents a $3.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for LANC.

ETFs with the largest weight of Lancaster Colony (NASDAQ:LANC) stock in their portfolio include Leatherback Long/Short Alternative Yield ETF (LBAY), Invesco Dynamic Food & Beverage ETF (PBJ), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), ProShares Russell US Dividend Growers ETF (TMDV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Lancaster Colony (NASDAQ:LANC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.71%. 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 71.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LANC will have a dividend payout ratio of 50.37% 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.30%), State Street Corp (5.76%), William Blair Investment Management LLC (4.23%), Champlain Investment Partners LLC (2.17%), Silvercrest Asset Management Group LLC (1.97%) and Diamond Hill Capital Management Inc. (1.94%). 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 $203.45.

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $5.60 billion and generates $1.82 billion in revenue each year. The company earns $89.59 million in net income (profit) each year or $4.76 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.