Solution
{% if today.lunch_time[:2]|int >12 %}
Lunch Time : {{ today.lunch_time[:2]|int - 12}} PM
{% else %}
Lunch Time : {{ today.lunch_time}} AM
{% endif %}
{% if today.lunch_time[:2]|int >12 %}
Lunch Time : {{ today.lunch_time[:2]|int - 12}} PM
{% else %}
Lunch Time : {{ today.lunch_time}} AM
{% endif %}