Schwab Charles Investment Management Inc. grew its position in shares of Snyder's-Lance Inc (NASDAQ:LNCE) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 562,742 shares of the company’s stock after acquiring an additional 17,056 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Snyder's-Lance were worth $28,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Snyder's-Lance by 5.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after acquiring an additional 214 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Snyder's-Lance by 17.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $107,000 after acquiring an additional 465 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Snyder's-Lance by 3.3% during the second quarter. Ameritas Investment Partners Inc. now owns 33,293 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,069 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Snyder's-Lance by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $648,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in shares of Snyder's-Lance by 2.0% during the fourth quarter. Confluence Investment Management LLC now owns 93,344 shares of the company’s stock valued at $4,675,000 after acquiring an additional 1,792 shares in the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

LNCE has been the subject of several recent research reports. Deutsche Bank set a $50.00 price objective on Snyder's-Lance and gave the company a “buy” rating in a report on Friday, December 15th. Zacks Investment Research upgraded Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday, October 18th. SunTrust Banks upped their price target on Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a report on Tuesday, December 19th. TheStreet downgraded Snyder's-Lance from a “b” rating to a “c+” rating in a report on Tuesday, November 7th. Finally, BMO Capital Markets downgraded Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a report on Monday, December 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.83.

Shares of Snyder's-Lance Inc (NASDAQ LNCE) opened at $49.97 on Wednesday. Snyder's-Lance Inc has a 1-year low of $31.03 and a 1-year high of $50.67. The stock has a market capitalization of $4,857.02, a price-to-earnings ratio of 45.00, a P/E/G ratio of 3.28 and a beta of 0.64. The company has a current ratio of 1.63, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 22nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.64 annualized dividend and a yield of 1.28%. Snyder's-Lance’s dividend payout ratio (DPR) is currently -123.08%.

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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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Institutional Ownership by Quarter for Snyder's-Lance (NASDAQ:LNCE)

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