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.
View LANC analyst ratings or view top-rated stocks.

4 brokers have issued 12 month price objectives for Lancaster Colony's shares. Their LANC share price forecasts range from $140.00 to $140.00. On average, they expect the company's share price to reach $140.00 in the next twelve months. This suggests that the stock has a possible downside of 30.1%.
View analysts price targets for LANC or view top-rated stocks among Wall Street analysts.

Lancaster Colony's stock was trading at $197.30 at the beginning of 2023. Since then, LANC stock has increased by 1.5% and is now trading at $200.28.
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Lancaster Colony saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 764,400 shares, a drop of 8.9% from the February 28th total of 838,700 shares. Based on an average trading volume of 155,800 shares, the short-interest ratio is presently 4.9 days. Currently, 4.1% of the company's stock are short sold.
View Lancaster Colony's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our LANC earnings forecast.

Lancaster Colony Co. (NASDAQ:LANC) posted its quarterly earnings results on Thursday, February, 2nd. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.51 by $0.06. The company earned $477.40 million during the quarter, compared to analyst estimates of $474.98 million. Lancaster Colony had a trailing twelve-month return on equity of 14.99% and a net margin of 5.81%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS.

Lancaster Colony declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Thursday, March 9th will be paid a dividend of $0.85 per share on Friday, March 31st. This represents a $3.40 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, March 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), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and First Trust Nasdaq Food & Beverage ETF (FTXG).

Lancaster Colony (NASDAQ:LANC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.66%. 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 91.89%. 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 50.00% 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 William Blair Investment Management LLC (2.72%), Silvercrest Asset Management Group LLC (2.08%), Diamond Hill Capital Management Inc. (1.81%), Dimensional Fund Advisors LP (1.76%), Geode Capital Management LLC (1.50%) and First Trust Advisors LP (1.32%). 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.
View institutional ownership trends.

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 $200.28.

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $5.52 billion and generates $1.76 billion in revenue each year. The company earns $89.59 million in net income (profit) each year or $3.70 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.