Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. Co.'s segments include Retail and Foodservice. The Retail segment includes products typically marketed in the shelf-stable section of the grocery store, which include licensed sauces and dressings, along with its own branded salad dressings and croutons. Within the frozen food section of the grocery store, it sells yeast rolls and garlic breads. It also has placement of products in grocery produce departments through its refrigerated salad dressings, licensed dressings, vegetable dips and fruit dips. We show 60 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
