112,106 Shares in Snyder’s-Lance, Inc. (LNCE) Acquired by AHL Partners LLP
AHL Partners LLP acquired a new position in Snyder’s-Lance, Inc. (NASDAQ:LNCE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 112,106 shares of the company’s stock, valued at approximately $3,881,000. AHL Partners LLP owned about 0.12% of Snyder’s-Lance at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of LNCE. BlackRock Inc. boosted its position in Snyder’s-Lance by 16,621.1% in the first quarter. BlackRock Inc. now owns 8,520,053 shares of the company’s stock worth $343,444,000 after purchasing an additional 8,469,099 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Snyder’s-Lance by 108.4% in the second quarter. Goldman Sachs Group Inc. now owns 4,165,505 shares of the company’s stock worth $144,210,000 after purchasing an additional 2,166,488 shares during the last quarter. Fisher Asset Management LLC boosted its position 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 purchasing an additional 411,307 shares during the last quarter. Vanguard Group Inc. boosted its position in Snyder’s-Lance by 5.3% in the first quarter. Vanguard Group Inc. now owns 6,597,352 shares of the company’s stock worth $265,939,000 after purchasing an additional 329,799 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its position in Snyder’s-Lance by 7.1% in the first quarter. Champlain Investment Partners LLC now owns 4,195,470 shares of the company’s stock worth $169,119,000 after purchasing an additional 279,540 shares during the last quarter. 66.21% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Patricia A. Warehime acquired 18,839 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $37.24 per share, with a total value of $701,564.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Isaiah Tidwell sold 1,500 shares of Snyder’s-Lance stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $37.35, for a total value of $56,025.00. The disclosure for this sale can be found here. Insiders own 13.70% of the company’s stock.
LNCE has been the topic of several research analyst reports. TheStreet raised Snyder’s-Lance from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Snyder’s-Lance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. 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 research report on Thursday, August 10th. 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, July 29th. Finally, BidaskClub cut Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.80.
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Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 38.79 on Monday. The stock’s 50 day moving average price is $36.89 and its 200-day moving average price is $36.57. The stock has a market cap of $3.75 billion, a PE ratio of 105.41 and a beta of 0.70. 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 quarterly earnings data on Tuesday, August 8th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The company had revenue of $579.60 million during the quarter, compared to analyst estimates of $565.66 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Snyder’s-Lance’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Snyder’s-Lance, Inc. will post $1.15 EPS for the current fiscal year.
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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