Shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) have received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.80.

Several research analysts recently issued reports on LNCE shares. UBS AG reissued a “neutral” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Snyder’s-Lance in a research note on Tuesday, July 18th. BidaskClub cut Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research cut Snyder’s-Lance from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Jefferies Group LLC set a $44.00 price objective on Snyder’s-Lance and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $38.00 price objective on shares of Snyder’s-Lance in a research note on Tuesday, June 13th.

In related news, Director Patricia A. Warehime bought 21,263 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $37.25 per share, with a total value of $792,046.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Patricia A. Warehime bought 18,839 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $37.24 per share, for a total transaction of $701,564.36. The disclosure for this purchase can be found here. 13.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in LNCE. FNY Partners Fund LP bought a new stake in shares of Snyder’s-Lance during the second quarter valued at about $103,000. PNC Financial Services Group Inc. boosted its stake in shares of Snyder’s-Lance by 17.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $107,000 after buying an additional 465 shares during the period. Meadow Creek Investment Management LLC boosted 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 valued at $138,000 after buying an additional 608 shares during the period. Creative Planning boosted its stake in shares of Snyder’s-Lance by 68.7% in the second quarter. Creative Planning now owns 4,083 shares of the company’s stock valued at $141,000 after buying an additional 1,663 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Snyder’s-Lance by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after buying an additional 214 shares during the period. 66.21% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Snyder’s-Lance (NASDAQ:LNCE) traded up 1.15% on Tuesday, reaching $35.93. The company’s stock had a trading volume of 96,629 shares. Snyder’s-Lance has a one year low of $31.03 and a one year high of $40.85. The firm has a 50-day moving average price of $36.03 and a 200 day moving average price of $37.02. The firm has a market capitalization of $3.47 billion, a PE ratio of 97.64 and a beta of 0.71.

Snyder’s-Lance (NASDAQ:LNCE) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $565.66 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Snyder’s-Lance’s revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Snyder’s-Lance will post $1.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.64 annualized dividend and a yield of 1.80%. Snyder’s-Lance’s dividend payout ratio (DPR) is presently 177.78%.

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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