State of Wisconsin Investment Board decreased its holdings in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,000 shares of the company’s stock after selling 7,000 shares during the period. State of Wisconsin Investment Board owned about 0.09% of Snyder’s-Lance worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its position in shares of Snyder’s-Lance by 5.0% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 41,871 shares of the company’s stock valued at $1,449,000 after buying an additional 2,000 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Snyder’s-Lance by 6.8% during the 1st quarter. Prudential Financial Inc. now owns 56,762 shares of the company’s stock valued at $2,288,000 after buying an additional 3,600 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Snyder’s-Lance by 8.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 466,553 shares of the company’s stock valued at $18,807,000 after buying an additional 35,171 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Snyder’s-Lance during the 1st quarter valued at approximately $347,000. Finally, Meadow Creek Investment Management LLC lifted its position in shares of Snyder’s-Lance by 21.6% during the 1st quarter. Meadow Creek Investment Management LLC now owns 3,424 shares of the company’s stock valued at $138,000 after buying an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 66.21% of the company’s stock.

Snyder’s-Lance, Inc. (NASDAQ:LNCE) opened at 35.98 on Monday. Snyder’s-Lance, Inc. has a 1-year low of $31.03 and a 1-year high of $40.85. The company has a 50-day moving average price of $36.06 and a 200 day moving average price of $37.01. The firm has a market capitalization of $3.48 billion, a P/E ratio of 97.77 and a beta of 0.71.

Snyder’s-Lance (NASDAQ:LNCE) last posted its earnings results on Tuesday, August 8th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $579.60 million for the quarter, compared to the consensus estimate of $565.66 million. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. Snyder’s-Lance’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. Analysts expect that Snyder’s-Lance, Inc. will post $1.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.78%. Snyder’s-Lance’s payout ratio is 177.78%.

In other Snyder’s-Lance news, Director Isaiah Tidwell sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $37.35, for a total transaction of $56,025.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patricia A. Warehime bought 21,263 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased 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. 13.70% of the stock is currently owned by insiders.

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A number of brokerages have recently issued reports on LNCE. BidaskClub lowered Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. 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 target price (up previously from $38.00) on shares of Snyder’s-Lance in a research report on Wednesday, August 9th. Zacks Investment Research lowered Snyder’s-Lance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG reiterated a “neutral” rating and set a $39.00 target price (up previously from $35.00) on shares of Snyder’s-Lance in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.80.

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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