Lancaster Colony Corporation is a diversified manufacturer and marketer of consumer products focusing primarily on specialty foods for the retail and foodservice markets. It also manufactures and markets candles and glassware.

The Company’s frozen specialty noodles and pastas are marketed under the brand names Reames and Aunt Vi’s; croutons and related products are marketed under the brand names New York BRAND, Texas Toast, Chatham Village, Cardini’s and T. Marzetti, and caviar is marketed under the brand name Romanoff. The Company sells candles, candle accessories, and other home fragrance products in different sizes, forms and fragrance in retail markets, mass merchants, supermarkets, drug stores and specialty shops under the Candle-lite brand name.

On Friday, LANC produced one of our favorite buy signals on its chart: a bullish MACD crossover. Usually this signal means the stock is headed higher in the near-term. Based on this buy signal, we can see the Consumer Goods company trading up to $52 a share within the next 30-to-60 days; up from its Friday, December 4th close of $49.31.

The 52 week high is $53.41. If the stock manages to breakthrough to new highs, we see no reason why it cannot meet its consensus target price of $57.67. Fundamentally, we can see the stock getting there. It only trades at 12.87 times next year’s earnings and with a Return on Equity that Warren Buffet would love of 27.34%.

And you will be paid a CD like dividend rate of 2.3% while it gets there. The dividend at times is fairly good indicator of the strength of a company’s financial heartbeat. Check this out – LANC has raised its dividend 47 years in a row. Yeah, you read that right – 47 years in a row.