Lancaster Colony Corp. (NASDAQ: LANC) is 4.11% higher on its value in year-to-date trading and has touched a low of $158.88 and a high of $215.31 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LANC stock was last observed hovering at around $197.60 in the last trading session, with the day’s loss setting it -24.37%.
Currently trading at $173.23, the stock is -9.89% and -8.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing -12.33% at the moment leaves the stock -6.82% off its SMA200. LANC registered -5.20% loss for a year compared to 6-month loss of -10.50%.
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The stock witnessed a -6.45% gain in the last 1 month and extending the period to 3 months gives it a -8.08%, and is -12.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.32% over the week and 2.53% over the month.
Lancaster Colony Corp. (LANC) has around 3400 employees, a market worth around $4.77B and $1.87B in sales. Current P/E ratio is 35.87 and Fwd P/E is 24.85. Profit margin for the company is 7.08%. Distance from 52-week low is 9.03% and -19.54% from its 52-week high. The company has generated returns on investments over the last 12 months (14.34%).
The EPS is expected to grow by 7.68% this year
456.0 institutions hold shares in Lancaster Colony Corp. (LANC), with institutional investors hold 88.42% of the company’s shares. The shares outstanding are 27.53M, and float is at 19.23M with Short Float at 4.03%. Institutions hold 63.42% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.6 million shares valued at $491.98 million. The investor’s holdings represent 9.4892 of the LANC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.19 million shares valued at $413.09 million to account for 7.9677 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.06 million shares representing 3.8618 and valued at over $200.22 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 3.6974 of the shares totaling 1.01 million with a market value of $191.69 million.
Lancaster Colony Corp. (LANC) Insider Activity
The most recent transaction is an insider purchase by Knight George F. III, the company’s Director. SEC filings show that Knight George F. III bought 75 shares of the company’s common stock on Mar 08 ’24 at a price of $206.51 per share for a total of $15488.0. Following the purchase, the insider now owns 770.0 shares.
Lancaster Colony Corp. disclosed in a document filed with the SEC on Feb 16 ’24 that Bird Kristin (President-Foodservice Division) sold a total of 1,207 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $192.66 per share for $0.23 million. Following the transaction, the insider now directly holds 3546.0 shares of the LANC stock.
