LANC Stock Recent News

Americans are concerned about the economy's future as a jump in inflation this year is denting their confidence. Consumer sentiment has ebbed from its highs at the beginning of this year.

Inflation has started its climb, raising concerns over the Federal Reserve's plans for rate cuts. It would be wise to invest in utilities and consumer staples stocks such as ATO, AWK, GWRS and LANC.

It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. The Progressive (PGR), Strategic Education (STRA), Lancaster (LANC) & Sprouts Farmers (SFM) are well-poised to gain.

Here is how Lancaster Colony (LANC) and Colgate-Palmolive (CL) have performed compared to their sector so far this year.

From a technical perspective, Lancaster Colony Corporation (LANC) is looking like an interesting pick, as it just reached a key level of support. LANC's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Here is how Lancaster Colony (LANC) and Nomad Foods (NOMD) have performed compared to their sector so far this year.

Lancaster Colony Corporation is a specialty food products manufacturer and marketer with a strong presence in major restaurant chains. The company is focused on increasing its influence in the retail market and expanding its operations. LANC's financial strength and stable dividend make it a secure investment, but its margins and expansion plans need to be closely monitored.

Stocks like Post Holdings (POST), Lancaster Colony (LANC), Lamb Weston (LW), Tyson Foods (TSN) and The Simply Good Foods Company (SMPL) are likely to benefit from the jump in online grocery sales.

Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Lancaster Colony (LANC), On Holding (ONON), Rent the Runway (RENT), 5E Advanced Materials (FEAM) and Motus GI (MOTS).

Lancaster Colony (LANC) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.45 per share a year ago.