MetLife Investment Advisors LLC purchased a new position in Snyder's-Lance Inc (NASDAQ:LNCE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 94,411 shares of the company’s stock, valued at approximately $4,728,000.
Other institutional investors have also bought and sold shares of the company. Prospera Financial Services Inc bought a new stake in Snyder's-Lance in the fourth quarter worth $200,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Snyder's-Lance by 49.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,168 shares of the company’s stock worth $209,000 after purchasing an additional 1,380 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Snyder's-Lance by 235.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,246 shares of the company’s stock worth $162,000 after purchasing an additional 2,981 shares during the last quarter. Keybank National Association OH bought a new stake in Snyder's-Lance in the fourth quarter worth $218,000. Finally, LPL Financial LLC bought a new stake in Snyder's-Lance in the fourth quarter worth $258,000. 61.18% of the stock is owned by institutional investors and hedge funds.
In other Snyder's-Lance news, Director James W. Johnston sold 75,836 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $49.99, for a total value of $3,791,041.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James W. Johnston sold 10,396 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $49.99, for a total transaction of $519,696.04. The disclosure for this sale can be found here. 13.70% of the stock is currently owned by insiders.
Snyder's-Lance Inc (LNCE) opened at $49.98 on Monday. Snyder's-Lance Inc has a 52-week low of $31.03 and a 52-week high of $50.67. The stock has a market cap of $4,918.31, a PE ratio of 47.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.98.
Snyder's-Lance (NASDAQ:LNCE) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Snyder's-Lance had a net margin of 6.68% and a return on equity of 5.53%. The firm had revenue of $551.56 million during the quarter, compared to analysts’ expectations of $562.45 million. During the same quarter in the previous year, the firm posted $0.38 EPS. Snyder's-Lance’s revenue was down .8% compared to the same quarter last year. equities research analysts expect that Snyder's-Lance Inc will post 1.27 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 22nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 21st. Snyder's-Lance’s payout ratio is 42.67%.
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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