Investors sold shares of Snyder's-Lance Inc (NASDAQ:LNCE) on strength during trading on Monday. $70.03 million flowed into the stock on the tick-up and $143.36 million flowed out of the stock on the tick-down, for a money net flow of $73.33 million out of the stock. Of all equities tracked, Snyder's-Lance had the 0th highest net out-flow for the day. Snyder's-Lance traded up $3.25 for the day and closed at $50.04

A number of equities analysts have recently issued reports on the stock. TheStreet cut shares of Snyder's-Lance from a “b” rating to a “c+” rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Snyder's-Lance from a “hold” rating to a “buy” rating in a research note on Tuesday. SunTrust Banks restated a “hold” rating and issued a $35.00 price objective on shares of Snyder's-Lance in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, October 18th. Finally, UBS dropped their price objective on shares of Snyder's-Lance from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Snyder's-Lance currently has an average rating of “Hold” and an average price target of $44.83.

The company has a market capitalization of $4,876.65, a PE ratio of 45.08 and a beta of 0.71. The company has a quick ratio of 0.99, a current ratio of 1.63 and a debt-to-equity ratio of 0.58.

Snyder's-Lance (NASDAQ:LNCE) last announced its earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $564.20 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. sell-side analysts predict that Snyder's-Lance Inc will post 1.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 20th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, November 17th. Snyder's-Lance’s dividend payout ratio (DPR) is currently -123.08%.

Several institutional investors have recently made changes to their positions in LNCE. FNY Partners Fund LP bought a new stake in Snyder's-Lance during the 2nd quarter worth about $103,000. PNC Financial Services Group Inc. grew its holdings in 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 worth $107,000 after acquiring an additional 465 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in 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 worth $148,000 after acquiring an additional 214 shares during the last quarter. US Bancorp DE grew its holdings in Snyder's-Lance by 12.7% during the 2nd quarter. US Bancorp DE now owns 4,553 shares of the company’s stock worth $158,000 after acquiring an additional 513 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Snyder's-Lance by 235.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,246 shares of the company’s stock worth $162,000 after acquiring an additional 2,981 shares during the last quarter. Institutional investors and hedge funds own 64.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Investors Sell Shares of Snyder's-Lance (LNCE) on Strength (LNCE)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/20/investors-sell-shares-of-snyders-lance-lnce-on-strength-lnce.html.

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.

Receive News & Ratings for Snyder's-Lance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snyder's-Lance and related companies with MarketBeat.com's FREE daily email newsletter.