State of New Jersey Common Pension Fund D maintained its stake in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) during the second quarter, according to its most recent filing with the SEC. The fund owned 110,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Snyder’s-Lance were worth $3,808,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LNCE. Meadow Creek Investment Management LLC increased 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 period. Creative Planning increased its position 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 during the period. US Bancorp DE increased its position in Snyder’s-Lance by 12.7% in the second quarter. US Bancorp DE now owns 4,553 shares of the company’s stock worth $158,000 after buying an additional 513 shares during the period. Public Employees Retirement System of Ohio increased its position in 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 during the period. Finally, Neuburgh Advisers LLC increased its position in 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 during the period. Institutional investors own 60.83% of the company’s stock.

Snyder’s-Lance, Inc. (NASDAQ:LNCE) opened at 37.35 on Wednesday. The firm has a market cap of $3.61 billion, a P/E ratio of 101.49 and a beta of 0.71. Snyder’s-Lance, Inc. has a 1-year low of $31.03 and a 1-year high of $40.85. The firm’s 50-day moving average price is $35.41 and its 200-day moving average price is $37.17.

Snyder’s-Lance (NASDAQ:LNCE) last announced its earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $579.60 million during the quarter, compared to the consensus estimate of $565.66 million. During the same quarter last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Snyder’s-Lance, Inc. will post $1.13 earnings per share 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, August 18th. Snyder’s-Lance’s dividend payout ratio is 177.78%.

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LNCE has been the subject of a number of analyst reports. Zacks Investment Research upgraded Snyder’s-Lance from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Jefferies Group LLC reiterated a “buy” rating and set a $44.00 price target on shares of Snyder’s-Lance in a research note on Wednesday, April 26th. BMO Capital Markets reiterated a “buy” rating and set a $38.00 price target on shares of Snyder’s-Lance in a research note on Tuesday, June 13th. BidaskClub downgraded Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, UBS AG reiterated a “neutral” rating and set a $35.00 price target (down previously from $37.00) on shares of Snyder’s-Lance in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $39.80.

In other Snyder’s-Lance news, Director Peter P. Brubaker bought 1,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $37.10 per share, with a total value of $37,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.70% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Snyder`s-Lance (NASDAQ:LNCE)

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