Lancaster Colony is a manufacturer and marketer of food products for the retail and foodservice channels. Co. has two reportable segments: Retail and Foodservice. Within its Retail segment, the primary food products Co. manufactures and sells include: frozen garlic breads, frozen Parkerhouse style yeast rolls and dinner rolls, salad dressings, vegetable dips and fruit dips, salad dressings, and croutons and salad toppings. Within its Foodservice segment, the primary food products Co. manufactures and sells include: salad dressings, frozen garlic breads, frozen Parkerhouse style yeast rolls and dinner rolls, and frozen pasta. We show 57 historical shares outstanding datapoints in our LANC shares outstanding history coverage, used to compute LANC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LANC market cap history over the course of time is important for investors
interested in comparing LANC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LANC versus a peer is one thing; comparing
LANC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LANC can fluctuate over the course of history.
With this page we aim to empower investors researching LANC by allowing them to research the LANC market cap history. |
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Video: The Importance of Market Cap
