BidaskClub lowered shares of Snyder's-Lance (NASDAQ:LNCE) from a sell rating to a strong sell rating in a report released on Tuesday.
LNCE has been the subject of several other research reports. BMO Capital Markets boosted their price target on shares of Snyder's-Lance from $49.00 to $50.00 and gave the company a market perform rating in a report on Thursday, March 1st. Jefferies Group lowered shares of Snyder's-Lance from a buy rating to a hold rating and set a $50.00 price target for the company. in a report on Tuesday, February 6th. SunTrust Banks boosted their price target on shares of Snyder's-Lance to $50.00 and gave the company a hold rating in a report on Tuesday, December 19th. Finally, Deutsche Bank set a $50.00 price target on shares of Snyder's-Lance and gave the company a buy rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $47.00.
Shares of Snyder's-Lance (LNCE) opened at $49.94 on Tuesday. Snyder's-Lance has a twelve month low of $31.03 and a twelve month high of $50.67. The firm has a market cap of $4,870.00, a PE ratio of 237.81, a P/E/G ratio of 3.18 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Thursday, February 22nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. Snyder's-Lance’s dividend payout ratio is currently 304.76%.
Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Snyder's-Lance by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after purchasing an additional 214 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Snyder's-Lance by 49.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,168 shares of the company’s stock worth $209,000 after acquiring an additional 1,380 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Snyder's-Lance by 2.1% during the 4th quarter. Mutual of America Capital Management LLC now owns 70,962 shares of the company’s stock worth $3,554,000 after acquiring an additional 1,454 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Snyder's-Lance by 27.7% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,784 shares of the company’s stock worth $340,000 after acquiring an additional 1,472 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Snyder's-Lance by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $648,000 after acquiring an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 61.22% of the company’s stock.
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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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