Flinton Capital Management LLC raised its holdings in shares of Snyder's-Lance Inc (NASDAQ:LNCE) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,416 shares of the company’s stock after buying an additional 3,128 shares during the period. Flinton Capital Management LLC’s holdings in Snyder's-Lance were worth $722,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of LNCE. Carillon Tower Advisers Inc. purchased a new stake in Snyder's-Lance during the fourth quarter valued at about $59,993,000. Water Island Capital LLC purchased a new stake in Snyder's-Lance during the fourth quarter valued at about $12,134,000. BlackRock Inc. boosted its position in Snyder's-Lance by 2.6% during the fourth quarter. BlackRock Inc. now owns 8,931,466 shares of the company’s stock valued at $447,287,000 after buying an additional 223,983 shares during the period. Pentwater Capital Management LP purchased a new stake in Snyder's-Lance during the fourth quarter valued at about $9,064,000. Finally, Dimensional Fund Advisors LP boosted its position 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 buying an additional 168,643 shares during the period. Institutional investors and hedge funds own 61.22% of the company’s stock.
Several research firms have issued reports on LNCE. BidaskClub lowered shares of Snyder's-Lance from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 13th. BMO Capital Markets upped their price target on shares of Snyder's-Lance from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, March 1st. SunTrust Banks upped their price target on shares of Snyder's-Lance to $50.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. Jefferies Group lowered shares of Snyder's-Lance from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Tuesday, February 6th. Finally, Deutsche Bank set a $50.00 price objective on shares of Snyder's-Lance and gave the company a “buy” rating in a research note on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Snyder's-Lance currently has an average rating of “Hold” and an average target price of $47.00.
Snyder's-Lance Inc (NASDAQ:LNCE) opened at $49.96 on Tuesday. The company has a market cap of $4,916.02, a PE ratio of 33.31, a PEG ratio of 3.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.61. Snyder's-Lance Inc has a one year low of $31.03 and a one year high of $50.67.
Snyder's-Lance (NASDAQ:LNCE) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $551.56 million for the quarter, compared to the consensus estimate of $562.45 million. Snyder's-Lance had a net margin of 6.68% and a return on equity of 5.53%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. sell-side analysts predict that Snyder's-Lance Inc will post 1.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 21st. Snyder's-Lance’s dividend payout ratio (DPR) is 42.67%.
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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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