Stephens downgraded Lancaster Colony from Overweight to Equal-Weight and set a new price target of $218.00 from $205.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/2/2024 | $205.00 → $218.00 | Overweight → Equal-Weight | Stephens |
| 12/8/2023 | $185.00 | Neutral | DA Davidson |
| 11/27/2023 | $166.00 | Hold | Jefferies |
| 10/13/2023 | $205.00 | Overweight | Stephens |
| 6/23/2023 | $237.00 | Buy | Loop Capital |
| 5/23/2022 | $140.00 | Market Perform | Cowen |
| 5/6/2022 | Buy → Hold | The Benchmark Company | |
| 12/8/2021 | $181.00 | Buy | Benchmark |
Lancaster Colony Corporation (NASDAQ:LANC) announced today their planned acquisition of a sauce and dressing production facility located in Atlanta, Georgia from Winland Foods, Inc. This asset purchase transaction is expected to close in the first quarter of calendar year 2025, subject to customary closing conditions, with a purchase price of approximately $75 million. The production facility accounts for a total of approximately 300,000 square feet, of which approximately 250,000 square feet are designated for manufacturing. David A. Ciesinski, Lancaster Colony's CEO, commented "We are very pleased to have reached an agreement to acquire this production facility as an important strategic
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, marking 62 consecutive years of increasing regular cash dividends. The company is one of only 12 U.S. companies with 62 straight years of regular cash dividend increases. The dividend will be payable December 31, 2024 to shareholders of record on December 5, 2024. As of the record date for today's annual shareholder meeting, there were 27,566,647 common shares outstanding. Voting at the annual meeting, shareholders reelected three incumbent directors. They are Zena Srivatsa Arnold, Chief Marketing Officer of Sephora; Michael H. Keown, a
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal first quarter ended September 30, 2024. Summary Consolidated net sales increased 1.1% to a first quarter record $466.6 million. Retail segment net sales declined 1.1% to $239.6 million. Note that excluding all sales attributed to the perimeter-of-the-store bakery product lines we exited this past March, Retail segment net sales grew 1.4%. Foodservice segment net sales increased 3.5% to $227.0 million. Consolidated gross profit increased 1.9% to a first quarter record $110.8 million. Consolidated operating income decreased 1.6% to $55.9 million. Net income reached $1.62 per diluted share versu
8-K - LANCASTER COLONY CORP (0000057515) (Filer)
8-K - LANCASTER COLONY CORP (0000057515) (Filer)
10-Q - LANCASTER COLONY CORP (0000057515) (Filer)
Stephens downgraded Lancaster Colony from Overweight to Equal-Weight and set a new price target of $218.00 from $205.00 previously
DA Davidson initiated coverage of Lancaster Colony with a rating of Neutral and set a new price target of $185.00
Jefferies initiated coverage of Lancaster Colony with a rating of Hold and set a new price target of $166.00
4 - LANCASTER COLONY CORP (0000057515) (Issuer)
4 - LANCASTER COLONY CORP (0000057515) (Issuer)
4 - LANCASTER COLONY CORP (0000057515) (Issuer)
4 - LANCASTER COLONY CORP (0000057515) (Issuer)
4 - LANCASTER COLONY CORP (0000057515) (Issuer)
SC 13G/A - LANCASTER COLONY CORP (0000057515) (Subject)
SC 13G - LANCASTER COLONY CORP (0000057515) (Subject)
SC 13G/A - LANCASTER COLONY CORP (0000057515) (Subject)
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, marking 62 consecutive years of increasing regular cash dividends. The company is one of only 12 U.S. companies with 62 straight years of regular cash dividend increases. The dividend will be payable December 31, 2024 to shareholders of record on December 5, 2024. As of the record date for today's annual shareholder meeting, there were 27,566,647 common shares outstanding. Voting at the annual meeting, shareholders reelected three incumbent directors. They are Zena Srivatsa Arnold, Chief Marketing Officer of Sephora; Michael H. Keown, a
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal first quarter ended September 30, 2024. Summary Consolidated net sales increased 1.1% to a first quarter record $466.6 million. Retail segment net sales declined 1.1% to $239.6 million. Note that excluding all sales attributed to the perimeter-of-the-store bakery product lines we exited this past March, Retail segment net sales grew 1.4%. Foodservice segment net sales increased 3.5% to $227.0 million. Consolidated gross profit increased 1.9% to a first quarter record $110.8 million. Consolidated operating income decreased 1.6% to $55.9 million. Net income reached $1.62 per diluted share versu
Lancaster Colony Corporation (NASDAQ:LANC) announced today that it will release its first quarter fiscal year 2025 financial results prior to the opening of the market on Thursday, October 31, 2024. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on busines
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has appointed George F. Knight III to the Company's Board of Directors. Mr. Knight spent 25 years with chemical company Hexion, Inc. and its predecessor company Borden, Inc., most recently serving as Hexion's Executive Vice President and Chief Financial Officer. During his tenure at Hexion and Borden, he held roles of increasing responsibility including Vice President of Mergers and Acquisitions, Vice President of Finance, and Senior Vice President and Treasurer. Mr. Knight previously held senior finance roles at Duracell, Inc. and worked as a Senior Audit Manager for Deloitte & Touche LLC. This press re
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has appointed Zena Srivatsa Arnold to the Company's Board of Directors. Ms. Arnold most recently served as Senior Vice President, Carbonated Soft Drinks, at PepsiCo., Inc. where she oversaw the Carbonated Soft Drink portfolio in North America, including some of PepsiCo's largest brands such as Pepsi and Mountain Dew. Prior to joining PepsiCo, she was the Chief Digital and Marketing Officer of Kimberly-Clark Corporation, a global personal care and consumer products company and prior to that she held various management roles with Alphabet Inc. (Google). Ms. Arnold is an accomplished marketing and general ma
T. Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), is pleased to announce the appointment of Luis Viso to Chief Supply Chain Officer, effective today. In this role, Mr. Viso will be responsible for developing and leading T. Marzetti's fully integrated supply chain organization, positioning the company for growth while maintaining rigorous safety and quality measures. Mr. Viso has nearly 40 years of experience in supply chain operations, innovation and R&D. Most recently, he was Executive Vice President of Operations for Monster Beverage, leading the company's global expansion across 153 countries. Prior to that, he served as Chief Operating Offic
Stephens & Co. analyst Jim Salera reiterates Lancaster Colony (NASDAQ:LANC) with a Equal-Weight and maintains $218 price target.
Lancaster Colony (NASDAQ:LANC) reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.38 by 25.36 percent. This is a 15.73 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $471.45 million which beat the analyst consensus estimate of $468.07 million by 0.72 percent. This is a 1.40 percent increase over sales of $464.94 million the same period last year.
Jefferies analyst Rob Dickerson maintains Lancaster Colony (NASDAQ:LANC) with a Hold and raises the price target from $200 to $203.