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NASDAQ:LANC

Lancaster Colony - LANC Stock Forecast, Price & News

$186.44
+0.16 (+0.09%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$184.59
$186.76
50-Day Range
$186.22
$207.14
52-Week Range
$116.85
$214.00
Volume
183,298 shs
Average Volume
160,348 shs
Market Capitalization
$5.14 billion
P/E Ratio
50.39
Dividend Yield
1.83%
Price Target
$140.00

Lancaster Colony MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
24.9% Downside
$140.00 Price Target
Short Interest
Healthy
4.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.12mentions of Lancaster Colony in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$2.43 M Sold Last Quarter
Proj. Earnings Growth
24.05%
From $5.53 to $6.86 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Consumer Staples Sector

31st out of 138 stocks

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

1st out of 5 stocks

LANC stock logo

About Lancaster Colony (NASDAQ:LANC) Stock

Lancaster Colony Corp. engages in the manufacture and sale of specialty food products. It operates through the following segments: Retail and Foodservice. The Retail and Foodservice segments both focus on the manufacture and sale of frozen breads, refrigerated dressings, dips and shelf-stable dressings, and croutons under the brand names New York BRAND Bakery, Sister Schubert's, Marzetti Frozen Pasta, and Flatout. The company was founded in 1961 and is headquartered in Westerville, OH.

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LANC Stock News Headlines

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Lancaster Colony (LANC) Q2 Earnings Lag Estimates
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Lancaster Colony (LANC) Scheduled to Post Earnings on Thursday
Lancaster Colony: It's All About Momentum
Lancaster Colony VP Trades $1.82M In Company Stock
Lancaster Colony Raises Dividend to 85c per Share
See More Headlines
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LANC Company Calendar

Ex-Dividend for 12/30 Dividend
12/02/2022
Dividend Payable
12/30/2022
Last Earnings
2/02/2023
Today
2/06/2023
Next Earnings (Estimated)
5/04/2023
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
$140.00
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$140.00
Forecasted Upside/Downside
-24.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$89.59 million
Pretax Margin
7.24%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Cash Flow
$5.90 per share
Book Value
$30.69 per share

Miscellaneous

Free Float
19,327,000
Market Cap
$5.14 billion
Optionable
Optionable
Beta
0.22

Social Links


Key Executives

  • David Alan Ciesinski
    President, Chief Executive Officer & Director
  • Thomas K. Pigott
    Chief Financial Officer & Vice President
  • Dale N. Ganobsik
    Treasurer & Vice President-Investor Relations
  • Janet A. Murch
    Corporate Controller
  • Matthew R. Shurte
    Secretary, Chief Ethics Officer & General Counsel













LANC Stock - Frequently Asked Questions

Should I buy or sell Lancaster Colony stock right now?

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.

What is Lancaster Colony's stock price forecast for 2023?

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.

How have LANC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Lancaster Colony?

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
.

When is Lancaster Colony's next earnings date?

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

How were Lancaster Colony's earnings last quarter?

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.

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

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
.

Is Lancaster Colony a good dividend stock?

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.

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 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.
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 $186.44.

How much money does Lancaster Colony make?

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.

How many employees does Lancaster Colony have?

The company employs 3,200 workers across the globe.

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 2/6/2023 by MarketBeat.com Staff