Shares of Snyder's-Lance Inc (NASDAQ:LNCE) shot up 5.3% during mid-day trading on Monday . The company traded as high as $47.56 and last traded at $46.79. 3,622,500 shares traded hands during mid-day trading, an increase of 508% from the average session volume of 596,208 shares. The stock had previously closed at $44.42.

A number of research firms have recently issued reports on LNCE. SunTrust Banks increased their price target on shares of Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Snyder's-Lance from a “hold” rating to a “buy” rating in a research report on Tuesday. BMO Capital Markets lowered shares of Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a research report on Monday. Deutsche Bank set a $50.00 price target on shares of Snyder's-Lance and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research lowered shares of Snyder's-Lance from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Snyder's-Lance has an average rating of “Hold” and a consensus target price of $44.83.

The firm has a market capitalization of $4,876.65, a price-to-earnings ratio of 45.08 and a beta of 0.71. The company has a quick ratio of 0.99, a current ratio of 1.63 and a debt-to-equity ratio of 0.58.

Snyder's-Lance (NASDAQ:LNCE) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Snyder's-Lance had a positive return on equity of 5.30% and a negative net margin of 2.22%. The firm had revenue of $564.20 million during the quarter, compared to analyst estimates of $559.86 million. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. analysts forecast that Snyder's-Lance Inc will post 1.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 20th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. Snyder's-Lance’s dividend payout ratio is currently -123.08%.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Snyder's-Lance by 1.7% in the second quarter. BlackRock Inc. now owns 8,665,893 shares of the company’s stock worth $300,013,000 after buying an additional 145,840 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 buying an additional 2,166,488 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Snyder's-Lance by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,491,528 shares of the company’s stock valued at $133,166,000 after purchasing an additional 168,643 shares during the last quarter. State Street Corp grew its holdings in Snyder's-Lance by 5.7% during the second quarter. State Street Corp now owns 2,805,872 shares of the company’s stock valued at $97,137,000 after purchasing an additional 150,943 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Snyder's-Lance by 2.8% during the third quarter. Eagle Asset Management Inc. now owns 2,312,214 shares of the company’s stock valued at $89,158,000 after purchasing an additional 62,904 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

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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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