Snyder’s-Lance, Inc. (NASDAQ:LNCE) had its price target trimmed by UBS AG from $39.00 to $38.00 in a research note issued to investors on Wednesday, www.benzinga.com reports. The brokerage currently has a neutral rating on the stock.

LNCE has been the topic of several other research reports. Zacks Investment Research cut shares of Snyder’s-Lance from a hold rating to a sell rating in a research note on Tuesday, July 11th. Jefferies Group LLC set a $44.00 price target on shares of Snyder’s-Lance and gave the stock a buy rating in a research note on Saturday, July 29th. BMO Capital Markets reiterated an outperform rating and issued a $43.00 price target (up previously from $38.00) on shares of Snyder’s-Lance in a research note on Wednesday, August 9th. BidaskClub cut shares of Snyder’s-Lance from a buy rating to a hold rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded shares of Snyder’s-Lance from a c+ rating to a b rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Snyder’s-Lance presently has an average rating of Hold and an average target price of $40.33.

Shares of Snyder’s-Lance (NASDAQ LNCE) traded up $0.98 during trading on Wednesday, reaching $35.48. 311,100 shares of the company traded hands, compared to its average volume of 586,225. The company has a market cap of $3,362.20, a P/E ratio of 31.08 and a beta of 0.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 0.92. Snyder’s-Lance has a one year low of $31.03 and a one year high of $40.85.

Snyder’s-Lance (NASDAQ:LNCE) last issued its earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $564.20 million during the quarter, compared to the consensus estimate of $559.86 million. Snyder’s-Lance had a positive return on equity of 5.30% and a negative net margin of 2.22%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. analysts anticipate that Snyder’s-Lance will post 1.14 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 20th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 17th. Snyder’s-Lance’s payout ratio is currently -123.08%.

In other news, Director Isaiah Tidwell sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total transaction of $56,025.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patricia A. Warehime bought 18,839 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of $37.24 per share, for a total transaction of $701,564.36. The disclosure for this purchase can be found here. 13.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LNCE. FNY Partners Fund LP purchased a new stake in shares of Snyder’s-Lance during the 2nd quarter valued at about $103,000. PNC Financial Services Group Inc. raised its position in shares of Snyder’s-Lance by 17.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $107,000 after buying an additional 465 shares in the last quarter. Creative Planning raised its position in shares of Snyder’s-Lance by 68.7% during the 2nd quarter. Creative Planning now owns 4,083 shares of the company’s stock valued at $141,000 after buying an additional 1,663 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Snyder’s-Lance by 5.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after buying an additional 214 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Snyder’s-Lance by 12.7% during the 2nd quarter. US Bancorp DE now owns 4,553 shares of the company’s stock valued at $158,000 after buying an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Snyder’s-Lance Company 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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