Atria Investments LLC increased its position in Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,193 shares of the company’s stock after buying an additional 65 shares during the period. Atria Investments LLC’s holdings in Snyder’s-Lance were worth $214,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its stake in shares of Snyder’s-Lance by 21.6% in the first quarter. Meadow Creek Investment Management LLC now owns 3,424 shares of the company’s stock worth $138,000 after buying an additional 608 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Snyder’s-Lance by 3.4% in the first quarter. Public Employees Retirement System of Ohio now owns 4,058 shares of the company’s stock worth $164,000 after buying an additional 132 shares during the period. Neuburgh Advisers LLC increased its stake in shares of Snyder’s-Lance by 21.6% in the first quarter. Neuburgh Advisers LLC now owns 4,708 shares of the company’s stock worth $190,000 after buying an additional 836 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Snyder’s-Lance during the first quarter worth about $201,000. Finally, Capstone Asset Management Co. increased its stake in shares of Snyder’s-Lance by 1.6% in the second quarter. Capstone Asset Management Co. now owns 5,841 shares of the company’s stock worth $202,000 after buying an additional 90 shares during the last quarter. 65.30% of the stock is owned by institutional investors and hedge funds.
Shares of Snyder’s-Lance, Inc. (NASDAQ LNCE) traded down 0.28% during trading on Friday, hitting $35.52. The stock had a trading volume of 397,380 shares. The stock has a 50-day moving average of $35.47 and a 200 day moving average of $37.36. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 67.53 and a beta of 0.71. Snyder’s-Lance, Inc. has a 12-month low of $31.03 and a 12-month high of $40.85.
Snyder’s-Lance (NASDAQ:LNCE) last issued its earnings results on Monday, May 8th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Snyder’s-Lance had a return on equity of 5.36% and a net margin of 2.25%. The company had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $529.53 million. During the same period in the previous year, the company earned $0.25 EPS. Snyder’s-Lance’s quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts predict that Snyder’s-Lance, Inc. will post $1.10 earnings per share for the current fiscal year.
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A number of analysts recently issued reports on the company. Jefferies Group LLC set a $44.00 price objective on Snyder’s-Lance and gave the stock a “buy” rating in a research report on Saturday. UBS AG reissued a “neutral” rating and set a $35.00 price objective (down from $37.00) on shares of Snyder’s-Lance in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Snyder’s-Lance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub cut Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, BMO Capital Markets restated a “buy” rating and set a $38.00 target price on shares of Snyder’s-Lance in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.67.
In other Snyder’s-Lance news, Director Peter P. Brubaker purchased 1,000 shares of Snyder’s-Lance stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of $37.10 per share, with a total value of $37,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.70% of the company’s stock.
Snyder’s-Lance Company Profile
Snyder’s-Lance, Inc is a snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, restaurant style crackers, popcorn, nuts and other salty snacks.
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