Snyder’s-Lance, Inc. (NASDAQ:LNCE) Director Patricia A. Warehime acquired 21,263 shares of Snyder’s-Lance stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $37.25 per share, with a total value of $792,046.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 37.32 on Thursday. The firm has a market cap of $3.61 billion, a PE ratio of 101.41 and a beta of 0.71. The firm has a 50 day moving average price of $35.80 and a 200-day moving average price of $37.14. 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 announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $579.60 million for the quarter, compared to analyst estimates of $565.66 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Snyder’s-Lance, Inc. will post $1.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 22nd will be issued 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 dividend yield of 1.71%. Snyder’s-Lance’s dividend payout ratio is currently 177.78%.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/insider-buying-snyders-lance-inc-lnce-director-purchases-792046-75-in-stock/1519558.html.

Several institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP bought a new position in shares of Snyder’s-Lance during the second quarter valued at $103,000. PNC Financial Services Group Inc. raised its position 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 in the last quarter. Meadow Creek Investment Management LLC raised its position 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 in 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 valued at $164,000 after buying an additional 132 shares in the last quarter. Finally, Creative Planning raised its position 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 in the last quarter. Hedge funds and other institutional investors own 60.83% of the company’s stock.

A number of brokerages have weighed in on LNCE. Jefferies Group LLC reaffirmed a “buy” rating and issued a $44.00 price target on shares of Snyder’s-Lance in a research report on Wednesday, April 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $38.00 price target on shares of Snyder’s-Lance in a research report on Tuesday, June 13th. BidaskClub cut Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research raised Snyder’s-Lance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Snyder’s-Lance in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $39.80.

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.

Receive News & Ratings for Snyder's-Lance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snyder's-Lance Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.