Thomas Pigott - Lancaster Colony CFO, Vice President Assistant Secretary

LANC Stock  USD 183.62  1.78  0.96%   

President

Mr. Thomas K. Pigott is appointed as Chief Financial Officer, Vice President, Assistant Secretary of the Company, effective April 1, 2019. Mr. Pigott is a food industry veteran with over 30 years of professional experience in finance and accounting and has served as Vice President and CFO for MGP Ingredients the past three years. His prior experience includes Vice President Finance roles for Kraft Foods Groups Meal Solutions Division, Krafts Meals and Desserts Business Unit and Nestle USAs Pizza Division since 2019.
Age 59
Tenure 5 years
Professional MarksMBA
Phone614 224 7141
Webhttps://www.lancastercolony.com
Pigott earned his B.B.A. in Accounting from the University of Notre Dame and completed his M.B.A. in Finance and Marketing at Northwestern University’s Kellogg School of Management. He is also a Certified Public Accountant.

Lancaster Colony Management Efficiency

The company has return on total asset (ROA) of 0.103 % which means that it generated a profit of $0.103 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1445 %, meaning that it created $0.1445 on every $100 dollars invested by stockholders. Lancaster Colony's management efficiency ratios could be used to measure how well Lancaster Colony manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 29.99 M in liabilities with Debt to Equity (D/E) ratio of 0.04, which may suggest the company is not taking enough advantage from borrowing. Lancaster Colony has a current ratio of 2.08, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Lancaster Colony until it has trouble settling it off, either with new capital or with free cash flow. So, Lancaster Colony's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Lancaster Colony sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lancaster to invest in growth at high rates of return. When we think about Lancaster Colony's use of debt, we should always consider it together with cash and equity.

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Lancaster Colony Corporation engages in the manufacturing and marketing of food products for the retail and foodservice markets in the United States. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio. Lancaster Colony operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 3200 people. Lancaster Colony (LANC) is traded on NASDAQ Exchange in USA. It is located in 380 Polaris Parkway, Westerville, OH, United States, 43082 and employs 3,400 people. Lancaster Colony is listed under Packaged Foods & Meats category by Fama And French industry classification.

Management Performance

Lancaster Colony Leadership Team

Elected by the shareholders, the Lancaster Colony's board of directors comprises two types of representatives: Lancaster Colony inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lancaster. The board's role is to monitor Lancaster Colony's management team and ensure that shareholders' interests are well served. Lancaster Colony's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lancaster Colony's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kenneth Cooke, Independent Director
Robert Fox, Independent Director
James Bachmann, Lead Independent Director
David Ciesinski, President COO
Alan Harris, Independent Director
Carl Stealey, President Company
John Gerlach, Chairman, CEO and President and Member of Executive Committee
William Carter, Independent Director
Matthew Shurte, Chief Counsel
Michael Keown, Director
Thomas Pigott, CFO, Vice President Assistant Secretary
Luis Viso, Chief Company
Timothy Tate, Senior Vice President
Neeli Bendapudi, Independent Director
Robert Ostryniec, Independent Director
Zuheir Sofia, Independent Director
Douglas Fell, CFO, VP, Treasurer and Assistant Secretary
Dale Ganobsik, Investor Finance
Bruce Rosa, VP of Devel. and President of T. Marzetti Company
Janet Murch, Co Controller
John Boylan, Director
Joseph Tuza, Senior Vice President of Retail Sales of T. Marzetti Company
David Nagle, Senior Vice President of Supply Chain of T. Marzetti Company
Kristin Bird, President Company

Lancaster Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Lancaster Colony a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Lancaster Colony offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lancaster Colony's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lancaster Colony Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lancaster Colony Stock:
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When running Lancaster Colony's price analysis, check to measure Lancaster Colony's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lancaster Colony is operating at the current time. Most of Lancaster Colony's value examination focuses on studying past and present price action to predict the probability of Lancaster Colony's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lancaster Colony's price. Additionally, you may evaluate how the addition of Lancaster Colony to your portfolios can decrease your overall portfolio volatility.
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Is Lancaster Colony's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lancaster Colony. If investors know Lancaster will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lancaster Colony listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Lancaster Colony is measured differently than its book value, which is the value of Lancaster that is recorded on the company's balance sheet. Investors also form their own opinion of Lancaster Colony's value that differs from its market value or its book value, called intrinsic value, which is Lancaster Colony's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lancaster Colony's market value can be influenced by many factors that don't directly affect Lancaster Colony's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lancaster Colony's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lancaster Colony is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lancaster Colony's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.