Atria Investments LLC boosted 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 (SEC). The institutional investor 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 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its position in 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 last quarter. Public Employees Retirement System of Ohio raised its position 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 in the last quarter. Neuburgh Advisers LLC raised its position 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 in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Snyder’s-Lance during the first quarter worth $201,000. Finally, Capstone Asset Management Co. raised its position 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 in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.
Shares of Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 34.66 on Monday. Snyder’s-Lance, Inc. has a 1-year low of $31.03 and a 1-year high of $40.85. The stock has a market cap of $3.35 billion, a P/E ratio of 65.89 and a beta of 0.71. The company’s 50-day moving average is $35.33 and its 200-day moving average is $37.30.
Snyder’s-Lance (NASDAQ:LNCE) last announced its earnings results on Monday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $531.50 million for the quarter, compared to analyst estimates of $529.53 million. During the same period last year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts expect that Snyder’s-Lance, Inc. will post $1.10 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.64 annualized dividend and a yield of 1.85%. Snyder’s-Lance’s dividend payout ratio (DPR) is presently 123.08%.
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A number of equities analysts recently weighed in on LNCE shares. Jefferies Group LLC set a $44.00 target price on shares of Snyder’s-Lance and gave the stock a “buy” rating in a research report on Saturday, July 29th. Zacks Investment Research upgraded shares of Snyder’s-Lance from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. BidaskClub lowered shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. UBS AG restated a “neutral” rating and set a $35.00 target price (down previously from $37.00) on shares of Snyder’s-Lance in a research report on Tuesday, July 18th. Finally, BMO Capital Markets restated a “buy” rating and set a $38.00 target price on shares of Snyder’s-Lance in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.67.
In other Snyder’s-Lance news, Director Peter P. Brubaker bought 1,000 shares of the stock in a transaction on Friday, May 26th. The shares were bought at an average price of $37.10 per share, with a total value of $37,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.70% of the company’s stock.
About Snyder’s-Lance
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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