California Public Employees Retirement System increased its position in shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,105 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Snyder’s-Lance worth $5,958,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Snyder’s-Lance by 1.7% during the second quarter. BlackRock Inc. now owns 8,665,893 shares of the company’s stock worth $300,013,000 after purchasing an additional 145,840 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Snyder’s-Lance by 5.3% during the first quarter. Vanguard Group Inc. now owns 6,597,352 shares of the company’s stock worth $265,939,000 after purchasing an additional 329,799 shares in the last quarter. State Street Corp increased its position in shares of Snyder’s-Lance by 3.2% during the first quarter. State Street Corp now owns 2,654,929 shares of the company’s stock worth $107,016,000 after purchasing an additional 82,144 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Snyder’s-Lance by 0.7% during the second quarter. Gamco Investors INC. ET AL now owns 2,429,375 shares of the company’s stock worth $84,105,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Snyder’s-Lance by 10.0% during the second quarter. Eagle Asset Management Inc. now owns 2,249,310 shares of the company’s stock worth $77,871,000 after purchasing an additional 205,035 shares in the last quarter. Hedge funds and other institutional investors own 66.22% of the company’s stock.

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In other Snyder’s-Lance news, Director Patricia A. Warehime acquired 21,263 shares of the stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $37.25 per share, with a total value of $792,046.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Isaiah Tidwell sold 1,500 shares of Snyder’s-Lance stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total value of $56,025.00. The disclosure for this sale can be found here. 13.70% of the stock is owned by insiders.

A number of equities analysts have weighed in on LNCE shares. BMO Capital Markets reissued an “outperform” rating and set a $43.00 price objective (up previously from $38.00) on shares of Snyder’s-Lance in a research note on Wednesday, August 9th. TheStreet raised Snyder’s-Lance from a “c+” rating to a “b” rating in a research note on Tuesday, August 8th. UBS AG reissued a “neutral” rating and set a $39.00 price objective (up previously from $35.00) on shares of Snyder’s-Lance in a research note on Thursday, August 10th. Jefferies Group LLC set a $44.00 price objective on Snyder’s-Lance and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, BidaskClub lowered Snyder’s-Lance from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One equities research 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 company has a consensus rating of “Hold” and a consensus price target of $39.80.

Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 38.93 on Monday. The stock has a 50 day moving average price of $37.17 and a 200 day moving average price of $36.48. Snyder’s-Lance, Inc. has a 52 week low of $31.03 and a 52 week high of $40.85. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 105.79 and a beta of 0.70.

Snyder’s-Lance (NASDAQ:LNCE) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $579.60 million during 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 revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Equities research analysts expect that Snyder’s-Lance, Inc. will post $1.15 EPS for the current year.

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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