Lancaster Colony (LANC)

• Market cap: $4.95B
• 1 day: -2.40%
• 5 days: -3.24%
• 1 month: -10.26%
• 3 months: 1.21%
• 6 months: -4.34%
• Year to date: 8.02%
• 1 year: 6.84%
• 5 years: 13.64%
• 10 years: 91.75%
• Sector: Consumer Staples
• Industry: Canned, Frozen & Preserved Fruits, Vegetables, and Food Specialties

About: Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. 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.

Employees: 3,400

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

686% more call options, than puts

Call options by funds: $7.63M | Put options by funds: $970K

11% more repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 118

1% less funds holding

Funds holding: 334 [Q2] → 332 (-2) [Q3]

0.83% less ownership

Funds ownership: 62.38% [Q2] → 61.55% (-0.83%) [Q3]

5% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 40

8% less capital invested

Capital invested by funds: $3.24B [Q2] → $2.99B (-$253M) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $196 9% upside
• Avg. target: $206 15% upside
• High target: $227 26% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Stephens & Co. Jim Salera 43% 1-year accuracy 13 / 30 met price target	9% upside $196	Equal-Weight Reiterated	19 Nov 2024
Loop Capital Alton Stump 71% 1-year accuracy 10 / 14 met price target	26% upside $227	Buy Maintained	1 Nov 2024
Stephens & Co. Jim Salera 43% 1-year accuracy 13 / 30 met price target	9% upside $196	Equal-Weight Maintained	1 Nov 2024