On August 27, 2024, Elliot Fullen, a Director at Lancaster Colony Corp (LANC, Financial), purchased 3,000 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 5,298 shares.
Lancaster Colony Corp, known for its specialty food products, including salad dressings and frozen garlic bread, has seen a consistent pattern of insider transactions over the past year. The insider transaction history shows 2 insider buys and 1 insider sell within the timeframe.
Shares of Lancaster Colony Corp were priced at $169 on the day of the transaction. The company's market cap is approximately $4.74 billion. The price-earnings ratio stands at 29.93, which is above the industry median of 17.965.
According to the GF Value, the intrinsic value of the stock is estimated at $193.46, suggesting that Lancaster Colony Corp is Modestly Undervalued with a price-to-GF-Value ratio of 0.87.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past returns and growth, and future business performance estimates from Morningstar analysts.
This recent purchase by Director Elliot Fullen might indicate a positive outlook on the company's value and future performance, aligning with the GF Value assessment of the stock being undervalued.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
