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 twelve months. 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 equities research analysts 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 24.9%.
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 the year. Since then, LANC stock has decreased by 5.5% and is now trading at $186.44.
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Lancaster Colony saw a increase in short interest in January. As of January 15th, there was short interest totaling 778,900 shares, an increase of 10.3% from the December 31st total of 706,000 shares. Based on an average trading volume of 198,100 shares, the short-interest ratio is presently 3.9 days. Currently, 4.2% 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) issued its quarterly earnings data on Thursday, February, 2nd. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by $0.06. The company earned $477.40 million during the quarter, compared to analysts' expectations of $474.98 million. Lancaster Colony had a net margin of 5.81% and a trailing twelve-month return on equity of 14.99%. The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS.

Lancaster Colony announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Monday, December 5th will be given a dividend of $0.85 per share on Friday, December 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, December 2nd. This is an increase 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 $3.40 per share and currently has a dividend yield of 1.83%. 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 49.56% 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 Fisher Asset Management LLC (0.87%), ProShare Advisors LLC (0.86%), Boston Trust Walden Corp (0.77%), Welch & Forbes LLC (0.24%), Leeward Investments LLC MA (0.15%) and New York State Teachers Retirement System (0.11%). 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 $186.44.

Lancaster Colony (NASDAQ:LANC) has a market capitalization of $5.14 billion and generates $1.68 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.