Catalyst Capital Advisors LLC maintained its position in shares of Snyder's-Lance Inc (NASDAQ:LNCE) during the first quarter, Holdings Channel reports. The firm owned 39,871 shares of the company’s stock at the end of the first quarter. Catalyst Capital Advisors LLC’s holdings in Snyder's-Lance were worth $1,607,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of LNCE. Capstone Asset Management Co. raised its position in shares of Snyder's-Lance by 1.6% in the first quarter. Capstone Asset Management Co. now owns 5,751 shares of the company’s stock worth $232,000 after buying an additional 90 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Snyder's-Lance by 1.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,758 shares of the company’s stock worth $221,000 after buying an additional 96 shares in the last quarter. Atria Investments LLC raised its position in shares of Snyder's-Lance by 1.8% in the first quarter. Atria Investments LLC now owns 6,128 shares of the company’s stock worth $247,000 after buying an additional 109 shares in the last quarter. Strs Ohio raised its position in shares of Snyder's-Lance by 3.2% in the first quarter. Strs Ohio now owns 9,800 shares of the company’s stock worth $395,000 after buying an additional 300 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of Snyder's-Lance by 0.9% in the first quarter. State Treasurer State of Michigan now owns 34,800 shares of the company’s stock worth $1,403,000 after buying an additional 300 shares in the last quarter. 60.85% of the stock is currently owned by institutional investors and hedge funds.
Snyder's-Lance Inc (NASDAQ:LNCE) traded down 0.19% during mid-day trading on Friday, reaching $36.47. The company’s stock had a trading volume of 564,996 shares. Snyder's-Lance Inc has a 52-week low of $29.61 and a 52-week high of $40.85. The stock has a market cap of $3.52 billion, a PE ratio of 69.33 and a beta of 0.63. The company has a 50 day moving average of $36.50 and a 200-day moving average of $37.91.
Snyder's-Lance (NASDAQ:LNCE) last released its quarterly earnings data on Monday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The business had revenue of $531.50 million during the quarter, compared to the consensus estimate of $529.53 million. Snyder's-Lance had a net margin of 0.67% and a return on equity of 5.70%. Snyder's-Lance’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Equities analysts forecast that Snyder's-Lance Inc will post $1.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 18th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, May 16th. Snyder's-Lance’s payout ratio is 711.11%.
A number of research analysts have recently commented on the company. SunTrust Banks, Inc. lowered Snyder's-Lance from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $30.00 in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $44.00 target price on shares of Snyder's-Lance in a report on Wednesday, April 26th. Zacks Investment Research raised Snyder's-Lance from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Deutsche Bank AG started coverage on Snyder's-Lance in a report on Wednesday, February 15th. They issued a “buy” rating and a $43.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Snyder's-Lance in a report on Wednesday, February 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $35.21.
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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