TIAA CREF Investment Management LLC Grows Holdings in Snyder’s-Lance, Inc. (LNCE)

TIAA CREF Investment Management LLC raised its position in Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 4.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 227,842 shares of the company’s stock after acquiring an additional 9,248 shares during the period. TIAA CREF Investment Management LLC owned about 0.24% of Snyder’s-Lance worth $7,888,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Snyder’s-Lance by 16,621.1% in the 1st quarter. BlackRock Inc. now owns 8,520,053 shares of the company’s stock valued at $343,444,000 after acquiring an additional 8,469,099 shares in the last quarter. Vanguard Group Inc. lifted its stake in Snyder’s-Lance by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 6,597,352 shares of the company’s stock valued at $265,939,000 after acquiring an additional 329,799 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Snyder’s-Lance by 7.1% in the 1st quarter. Champlain Investment Partners LLC now owns 4,195,470 shares of the company’s stock valued at $169,119,000 after acquiring an additional 279,540 shares in the last quarter. State Street Corp lifted its stake in Snyder’s-Lance by 3.2% in the 1st quarter. State Street Corp now owns 2,654,929 shares of the company’s stock valued at $107,016,000 after acquiring an additional 82,144 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Snyder’s-Lance by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,429,375 shares of the company’s stock valued at $84,105,000 after acquiring an additional 16,200 shares in the last quarter. Hedge funds and other institutional investors own 66.21% of the company’s stock.

Several equities research analysts have commented on LNCE shares. Jefferies Group LLC set a $44.00 target price on Snyder’s-Lance and gave the company a “buy” rating in a research note on Saturday, July 29th. BidaskClub cut Snyder’s-Lance from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. UBS AG restated a “neutral” rating and issued a $35.00 target price (down previously from $37.00) on shares of Snyder’s-Lance in a research note on Tuesday, July 18th. BMO Capital Markets restated a “buy” rating and issued a $38.00 target price on shares of Snyder’s-Lance in a research note on Tuesday, June 13th. Finally, TheStreet upgraded Snyder’s-Lance from a “c+” rating to a “b” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Snyder’s-Lance has a consensus rating of “Hold” and a consensus price target of $39.80.

In other news, Director Isaiah Tidwell sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $37.35, for a total value of $56,025.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patricia A. Warehime bought 21,263 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $37.25 per share, for a total transaction of $792,046.75. The disclosure for this purchase can be found here. 13.70% of the stock is owned by company insiders.

Shares of Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 38.90 on Wednesday. Snyder’s-Lance, Inc. has a 1-year low of $31.03 and a 1-year high of $40.85. The company has a market cap of $3.76 billion, a PE ratio of 105.71 and a beta of 0.71. The firm has a 50-day moving average price of $36.98 and a 200 day moving average price of $36.51.

Snyder’s-Lance (NASDAQ:LNCE) last posted its earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The company had revenue of $579.60 million for the quarter, compared to analyst estimates of $565.66 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Snyder’s-Lance, Inc. will post $1.15 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Grows Holdings in Snyder’s-Lance, Inc. (LNCE)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Snyder’s-Lance by 16,621.1% in the 1st quarter. BlackRock Inc. now owns 8,520,053 shares of the company’s stock valued at $343,444,000 after acquiring an additional 8,469,099 shares in the last quarter. Vanguard Group Inc. lifted its stake in Snyder’s-Lance by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 6,597,352 shares of the company’s stock valued at $265,939,000 after acquiring an additional 329,799 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Snyder’s-Lance by 7.1% in the 1st quarter. Champlain Investment Partners LLC now owns 4,195,470 shares of the company’s stock valued at $169,119,000 after acquiring an additional 279,540 shares in the last quarter. State Street Corp lifted its stake in Snyder’s-Lance by 3.2% in the 1st quarter. State Street Corp now owns 2,654,929 shares of the company’s stock valued at $107,016,000 after acquiring an additional 82,144 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Snyder’s-Lance by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,429,375 shares of the company’s stock valued at $84,105,000 after acquiring an additional 16,200 shares in the last quarter. Hedge funds and other institutional investors own 66.21% of the company’s stock.

Several equities research analysts have commented on LNCE shares. Jefferies Group LLC set a $44.00 target price on Snyder’s-Lance and gave the company a “buy” rating in a research note on Saturday, July 29th. BidaskClub cut Snyder’s-Lance from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. UBS AG restated a “neutral” rating and issued a $35.00 target price (down previously from $37.00) on shares of Snyder’s-Lance in a research note on Tuesday, July 18th. BMO Capital Markets restated a “buy” rating and issued a $38.00 target price on shares of Snyder’s-Lance in a research note on Tuesday, June 13th. Finally, TheStreet upgraded Snyder’s-Lance from a “c+” rating to a “b” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Snyder’s-Lance has a consensus rating of “Hold” and a consensus price target of $39.80.

In other news, Director Isaiah Tidwell sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $37.35, for a total value of $56,025.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patricia A. Warehime bought 21,263 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $37.25 per share, for a total transaction of $792,046.75. The disclosure for this purchase can be found here. 13.70% of the stock is owned by company insiders.

Shares of Snyder’s-Lance, Inc. (NASDAQ LNCE) opened at 38.90 on Wednesday. Snyder’s-Lance, Inc. has a 1-year low of $31.03 and a 1-year high of $40.85. The company has a market cap of $3.76 billion, a PE ratio of 105.71 and a beta of 0.71. The firm has a 50-day moving average price of $36.98 and a 200 day moving average price of $36.51.

Snyder’s-Lance (NASDAQ:LNCE) last posted its earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The company had revenue of $579.60 million for the quarter, compared to analyst estimates of $565.66 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Snyder’s-Lance, Inc. will post $1.15 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Grows Holdings in Snyder’s-Lance, Inc. (LNCE)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/tiaa-cref-investment-management-llc-grows-holdings-in-snyders-lance-inc-lnce.html.

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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