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

4 Wall Street analysts have issued 12-month price objectives for Lancaster Colony's shares. Their LANC share price forecasts range from $140.00 to $181.00. On average, they predict the company's stock price to reach $153.67 in the next twelve months. This suggests that the stock has a possible downside of 24.5%.
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 the year. Since then, LANC stock has increased by 22.9% and is now trading at $203.49.
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Lancaster Colony saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 799,100 shares, a decrease of 36.1% from the October 31st total of 1,250,000 shares. Based on an average trading volume of 205,600 shares, the short-interest ratio is presently 3.9 days. Approximately 4.3% of the company's shares are sold short.
View Lancaster Colony's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our LANC earnings forecast.

Lancaster Colony Co. (NASDAQ:LANC) announced its quarterly earnings data 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 analysts' expectations of $406.80 million. Lancaster Colony had a trailing twelve-month return on equity of 14.40% and a net margin of 5.64%. The business's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS.

Lancaster Colony announced a quarterly dividend on Wednesday, November 9th. Investors of record on Monday, December 5th will be paid a dividend of $0.85 per share on Friday, December 30th. This represents a $3.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, December 2nd. This is a boost from the stock's previous quarterly dividend of $0.80.
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 1.57%. 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 91.43%. 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 46.65% 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 investors include State Street Corp (8.87%), BlackRock Inc. (8.80%), Vanguard Group Inc. (7.55%), Diamond Hill Capital Management Inc. (1.93%), Dimensional Fund Advisors LP (1.73%) and London Co. of Virginia (1.51%). Insiders that own company stock include Alan F Harris, David Alan Ciesinski, 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 $203.49.

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $5.61 billion and generates $1.68 billion in revenue each year. The company earns $89.59 million in net income (profit) each year or $3.50 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.