Teacher Retirement System of Texas boosted its stake in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,165 shares of the company’s stock after buying an additional 129 shares during the period. Teacher Retirement System of Texas’ holdings in Snyder’s-Lance were worth $213,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LNCE. UBS Asset Management Americas Inc. boosted its position in shares of Snyder’s-Lance by 22.5% in the first quarter. UBS Asset Management Americas Inc. now owns 45,019 shares of the company’s stock valued at $1,815,000 after buying an additional 8,278 shares during the last quarter. World Asset Management Inc bought a new position in Snyder’s-Lance during the first quarter worth about $209,000. Bank of New York Mellon Corp boosted its position in Snyder’s-Lance by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,320,768 shares of the company’s stock worth $53,240,000 after buying an additional 52,134 shares in the last quarter. Flinton Capital Management LLC boosted its position in Snyder’s-Lance by 21.6% in the first quarter. Flinton Capital Management LLC now owns 7,276 shares of the company’s stock worth $293,000 after buying an additional 1,292 shares in the last quarter. Finally, Tyers Asset Management LLC boosted its position in Snyder’s-Lance by 21.6% in the first quarter. Tyers Asset Management LLC now owns 5,992 shares of the company’s stock worth $241,000 after buying an additional 1,064 shares in the last quarter. Institutional investors own 66.21% of the company’s stock.

Snyder’s-Lance, Inc. (NASDAQ:LNCE) opened at 35.95 on Wednesday. The company’s 50-day moving average is $35.88 and its 200-day moving average is $37.12. Snyder’s-Lance, Inc. has a 52-week low of $31.03 and a 52-week high of $40.85. The firm has a market capitalization of $3.47 billion, a PE ratio of 97.69 and a beta of 0.71.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $565.66 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast 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. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, August 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.78%. Snyder’s-Lance’s payout ratio is 177.78%.

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LNCE has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $38.00 price objective on shares of Snyder’s-Lance in a research report on Tuesday, June 13th. BidaskClub cut shares of Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Snyder’s-Lance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. UBS AG reiterated a “neutral” rating and set a $35.00 price objective (down from $37.00) on shares of Snyder’s-Lance in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC set a $44.00 price objective on shares of Snyder’s-Lance and gave the stock a “buy” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Snyder’s-Lance has an average rating of “Hold” and an average target price of $39.80.

In related news, Director Isaiah Tidwell sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total transaction of $56,025.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patricia A. Warehime acquired 21,263 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $37.25 per share, for a total transaction of $792,046.75. The disclosure for this purchase can be found here. Company insiders own 13.70% of the company’s stock.

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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