Diversified Trust Co lowered its stake in Snyder's-Lance Inc (NASDAQ:LNCE) by 21.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,815 shares of the company’s stock after selling 3,540 shares during the quarter. Diversified Trust Co’s holdings in Snyder's-Lance were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of 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 valued at $107,000 after buying an additional 465 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 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 valued at $148,000 after buying an additional 214 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Snyder's-Lance by 235.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,246 shares of the company’s stock valued at $162,000 after buying an additional 2,981 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Snyder's-Lance during the 3rd quarter valued at about $204,000. Finally, Franklin Resources Inc. purchased a new position in shares of Snyder's-Lance during the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 64.64% of the company’s stock.
Snyder's-Lance Inc (NASDAQ:LNCE) traded up $0.11 on Friday, hitting $50.01. The stock had a trading volume of 1,539,744 shares, compared to its average volume of 990,292. 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 Inc has a 52-week low of $31.03 and a 52-week high of $50.67. The stock has a market capitalization of $4,862.87, a PE ratio of -96.17, a PEG ratio of 3.28 and a beta of 0.64.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 22nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. Snyder's-Lance’s dividend payout ratio is presently -123.08%.
A number of equities analysts recently weighed in on the company. TheStreet cut Snyder's-Lance from a “b” rating to a “c+” rating in a report on Tuesday, November 7th. Jefferies Group cut Snyder's-Lance from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 6th. BidaskClub cut Snyder's-Lance from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. SunTrust Banks reaffirmed a “hold” rating and issued a $35.00 price target on shares of Snyder's-Lance in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday, October 18th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Snyder's-Lance currently has an average rating of “Hold” and an average price target of $45.83.
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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