S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
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Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
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The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
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Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NASDAQ:LANC

Lancaster Colony - LANC Stock Forecast, Price & News

$146.37
+2.01 (+1.39%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$143.29
$146.50
50-Day Range
$118.64
$146.37
52-Week Range
$116.85
$192.61
Volume
93,539 shs
Average Volume
155,336 shs
Market Capitalization
$4.03 billion
P/E Ratio
43.82
Dividend Yield
2.22%
Price Target
$153.67

Lancaster Colony MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.0% Upside
$153.67 Price Target
Short Interest
Bearish
5.74% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.64mentions of Lancaster Colony in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$97,360 Bought Last Quarter
Proj. Earnings Growth
40.37%
From $2.70 to $3.79 Per Share

Overall MarketRank

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

2.24 out of 5 stars

Consumer Staples Sector

65th out of 148 stocks

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

5th 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.

Wall Street Analysts Forecast Growth

LANC has been the subject of a number of recent research reports. Cowen initiated coverage on Lancaster Colony in a report on Monday, May 23rd. They issued a "market perform" rating and a $140.00 price objective for the company. CL King began coverage on Lancaster Colony in a report on Tuesday, June 14th. They set a "neutral" rating for the company. Benchmark downgraded Lancaster Colony from a "buy" rating to a "hold" rating in a report on Friday, May 6th. StockNews.com upgraded Lancaster Colony from a "sell" rating to a "hold" rating in a report on Saturday, August 6th. Finally, Cowen began coverage on Lancaster Colony in a report on Monday, May 23rd. They set a "market perform" rating and a $140.00 price target for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Lancaster Colony currently has an average rating of "Hold" and a consensus target price of $153.67.

Lancaster Colony Trading Up 1.4 %

NASDAQ:LANC traded up $2.01 during trading hours on Friday, hitting $146.37. The company's stock had a trading volume of 93,539 shares, compared to its average volume of 155,336. Lancaster Colony has a 52 week low of $116.85 and a 52 week high of $192.61. The company has a market capitalization of $4.03 billion, a PE ratio of 43.82 and a beta of 0.14. The company's 50-day simple moving average is $129.84 and its two-hundred day simple moving average is $142.93.

Lancaster Colony Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 9th were given a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $3.20 annualized dividend and a yield of 2.19%. Lancaster Colony's payout ratio is 95.81%.

Insider Activity at Lancaster Colony

In other Lancaster Colony news, CFO K. Pigott Thomas purchased 800 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price of $121.70 per share, with a total value of $97,360.00. Following the transaction, the chief financial officer now owns 5,817 shares in the company, valued at $707,928.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 29.90% of the stock is owned by insiders.

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LANC Stock News Headlines

Lancaster Colony: A Dividend King at a Discount
Is Lancaster (LANC) a Smart Long-Term Buy?
Lancaster Colony Remains Dead Money
When Clients Ask About Crypto
Lancaster Colony Q3 2022 Earnings Preview
See More Headlines
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LANC Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 6/30 Dividend
6/08/2022
Dividend Payable
6/30/2022
Today
8/13/2022
Next Earnings (Confirmed)
8/25/2022
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
+5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$142.33 million
Pretax Margin
7.41%

Debt

Sales & Book Value

Annual Sales
$1.47 billion
Cash Flow
$6.98 per share
Book Value
$30.61 per share

Miscellaneous

Free Float
19,293,000
Market Cap
$4.03 billion
Optionable
Optionable
Beta
0.14

Social Links


Key Executives

  • 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 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.
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 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.
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 the year. Since then, LANC stock has decreased by 11.6% and is now trading at $146.37.
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 Thursday, August 25th 2022.
View our LANC earnings forecast
.

How can I listen to Lancaster Colony's earnings call?

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.

How were Lancaster Colony's earnings last quarter?

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.

How often does Lancaster Colony pay dividends? What is the dividend yield for Lancaster Colony?

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
.

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 2.22%. 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.

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 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.
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 $146.37.

How much money does Lancaster Colony make?

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.

How many employees does Lancaster Colony have?

The company employs 3,200 workers across the globe.

When was Lancaster Colony founded?

Lancaster Colony was founded in 1961.

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 8/14/2022 by MarketBeat.com Staff

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