GABELLI & Co INVESTMENT ADVISERS INC. continued to hold its stake in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,500 shares of the company’s stock at the end of the second quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Snyder’s-Lance were worth $537,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of Snyder’s-Lance by 0.4% in the first quarter. Oppenheimer & Co. Inc. now owns 16,635 shares of the company’s stock valued at $671,000 after buying an additional 65 shares in the last quarter. Atria Investments LLC boosted its position in Snyder’s-Lance by 1.1% in the second quarter. Atria Investments LLC now owns 6,193 shares of the company’s stock valued at $214,000 after buying an additional 65 shares during the last quarter. BB&T Securities LLC boosted its position in Snyder’s-Lance by 1.1% in the first quarter. BB&T Securities LLC now owns 8,062 shares of the company’s stock valued at $324,000 after buying an additional 84 shares during the last quarter. Capstone Asset Management Co. boosted its position in Snyder’s-Lance by 1.6% in the first quarter. Capstone Asset Management Co. now owns 5,751 shares of the company’s stock valued at $232,000 after buying an additional 90 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Snyder’s-Lance by 2.1% in the second quarter. Teacher Retirement System of Texas now owns 6,165 shares of the company’s stock valued at $213,000 after buying an additional 129 shares during the last quarter. 60.83% of the stock is owned by institutional investors and hedge funds.

Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 37.08 on Friday. The company has a market cap of $3.58 billion, a PE ratio of 100.76 and a beta of 0.71. Snyder’s-Lance, Inc. has a 52-week low of $31.03 and a 52-week high of $40.85. The firm’s 50-day moving average price is $35.54 and its 200 day moving average price is $37.18.

Snyder’s-Lance (NASDAQ:LNCE) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $579.60 million for the quarter, compared to analysts’ expectations of $565.66 million. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, equities analysts predict 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 yield of 1.73%. Snyder’s-Lance’s dividend payout ratio (DPR) is 177.78%.

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Several research firms have weighed in on LNCE. UBS AG reiterated a “neutral” rating and set a $39.00 price objective (up previously from $35.00) on shares of Snyder’s-Lance in a research report on Thursday, August 10th. TheStreet upgraded Snyder’s-Lance from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. BMO Capital Markets reiterated an “outperform” rating and set a $43.00 price objective (up previously from $38.00) on shares of Snyder’s-Lance in a research report on Wednesday, August 9th. BidaskClub cut Snyder’s-Lance from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $44.00 price objective on Snyder’s-Lance and gave the stock a “buy” rating in a research report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.80.

In related news, Director Peter P. Brubaker acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average price of $37.10 per share, with a total value of $37,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patricia A. Warehime acquired 18,839 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $37.24 per share, for a total transaction of $701,564.36. The disclosure for this purchase can be found here. Corporate 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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