Nisa Investment Advisors LLC raised its position in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,390 shares of the company’s stock after buying an additional 150 shares during the period. Nisa Investment Advisors LLC’s holdings in Snyder’s-Lance were worth $405,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. LS Investment Advisors LLC increased its stake in Snyder’s-Lance by 16.2% in the second quarter. LS Investment Advisors LLC now owns 6,718 shares of the company’s stock worth $233,000 after buying an additional 935 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Snyder’s-Lance by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 31,223 shares of the company’s stock worth $1,081,000 after buying an additional 1,318 shares in the last quarter. AMI Asset Management Corp increased its stake in Snyder’s-Lance by 19.7% in the second quarter. AMI Asset Management Corp now owns 350,617 shares of the company’s stock worth $12,138,000 after buying an additional 57,686 shares in the last quarter. Fisher Asset Management LLC increased its stake in Snyder’s-Lance by 110.2% in the second quarter. Fisher Asset Management LLC now owns 784,446 shares of the company’s stock worth $27,158,000 after buying an additional 411,307 shares in the last quarter. Finally, Creative Planning increased its stake in Snyder’s-Lance by 68.7% in the second quarter. Creative Planning now owns 4,083 shares of the company’s stock worth $141,000 after buying an additional 1,663 shares in the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Snyder’s-Lance, Inc. (LNCE) traded up 1.01% during mid-day trading on Friday, hitting $37.10. 499,172 shares of the stock were exchanged. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $37.20. Snyder’s-Lance, Inc. has a 52 week low of $31.03 and a 52 week high of $40.85. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 100.82 and a beta of 0.71.
Snyder’s-Lance (NASDAQ:LNCE) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Snyder’s-Lance had a net margin of 1.60% and a return on equity of 5.34%. The company had revenue of $579.60 million during the quarter, compared to analyst estimates of $565.66 million. During the same period last year, the business earned $0.28 earnings per share. Snyder’s-Lance’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Snyder’s-Lance, Inc. will post $1.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 22nd will be given a $0.16 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.73%. Snyder’s-Lance’s dividend payout ratio (DPR) is currently 177.78%.
A number of analysts have issued reports on the stock. UBS AG reissued a “neutral” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Snyder’s-Lance in a report on Thursday. TheStreet raised shares of Snyder’s-Lance from a “c+” rating to a “b” rating in a report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $43.00 price objective (up previously from $38.00) on shares of Snyder’s-Lance in a report on Wednesday. BidaskClub downgraded shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $44.00 price objective on shares of Snyder’s-Lance and gave the company a “buy” rating in a report on Saturday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.80.
In other news, Director Peter P. Brubaker acquired 1,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was bought at an average cost of $37.10 per share, for a total transaction of $37,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.70% of the stock is currently owned by company insiders.
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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