Flower Foods' Q1 profit miss weighs on shares
Seeking Alpha News (Fri, 17-May 11:35 AM ET)
Lancaster Colony declares $0.90 dividend
Seeking Alpha News (Thu, 16-May 4:15 PM ET)
Lancaster Colony Continues Higher Cash Dividend
Business Wire (Thu, 16-May 3:00 PM ET)
Lancaster Colony Reports Third Quarter Sales and Earnings
Business Wire (Thu, 2-May 7:30 AM ET)
Lancaster Colony to Webcast Third Quarter Fiscal Year 2024 Conference Call
Business Wire (Thu, 18-Apr 3:00 PM ET)
Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.
Lancaster Colony trades on the NASDAQ stock market under the symbol LANC.
As of May 21, 2024, LANC stock price declined to $191.01 with 63,101 million shares trading.
LANC has a beta of 0.54, meaning it tends to be less sensitive to market movements. LANC has a correlation of 0.05 to the broad based SPY ETF.
LANC has a market cap of $5.26 billion. This is considered a Mid Cap stock.
Last quarter Lancaster Colony reported $471 million in Revenue and $1.44 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.06.
In the last 3 years, LANC stock traded as high as $220.65 and as low as $116.85.
The top ETF exchange traded funds that LANC belongs to (by Net Assets): IJH, VTI, VB, IWM, VXF.
LANC has underperformed the market in the last year with a price return of -6.3% while the SPY ETF gained +28.5%. LANC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.0% and -0.5%, respectively, while the SPY returned +7.3% and +2.9%, respectively.
LANC support price is $189.17 and resistance is $194.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LANC stock will trade within this expected range on the day.