Van Hulzen Asset Management LLC acquired a new position in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,543 shares of the company’s stock, valued at approximately $440,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LNCE. FNY Partners Fund LP purchased a new stake in shares of Snyder’s-Lance in the 2nd quarter valued at about $103,000. PNC Financial Services Group Inc. raised its holdings in shares of Snyder’s-Lance by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $107,000 after acquiring an additional 465 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Snyder’s-Lance by 3.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,058 shares of the company’s stock valued at $164,000 after acquiring an additional 132 shares in the last quarter. Creative Planning increased its position in shares of Snyder’s-Lance by 68.7% during the 2nd quarter. Creative Planning now owns 4,083 shares of the company’s stock valued at $141,000 after purchasing an additional 1,663 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Snyder’s-Lance by 12.7% during the 2nd quarter. US Bancorp DE now owns 4,553 shares of the company’s stock valued at $158,000 after purchasing an additional 513 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Snyder’s-Lance, Inc. (NASDAQ:LNCE) opened at $36.69 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,575.63, a PE ratio of 33.05 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.

Snyder’s-Lance (NASDAQ:LNCE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $564.20 million for the quarter, compared to the consensus estimate of $559.86 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. Snyder’s-Lance’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts anticipate that Snyder’s-Lance, Inc. will post 1.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Monday, November 20th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.64 annualized dividend and a yield of 1.74%. Snyder’s-Lance’s payout ratio is -123.08%.

LNCE has been the topic of several recent research reports. Zacks Investment Research upgraded Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, October 18th. Jefferies Group LLC set a $44.00 price objective on Snyder’s-Lance and gave the company a “buy” rating in a research report on Saturday, July 29th. TheStreet lowered Snyder’s-Lance from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $35.00 price objective on shares of Snyder’s-Lance in a research report on Friday, November 10th. Finally, BidaskClub lowered Snyder’s-Lance from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Snyder’s-Lance currently has a consensus rating of “Hold” and an average target price of $41.17.

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

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