Gamco Investors INC. ET AL increased its stake in Snyder’s-Lance, Inc. (NASDAQ:LNCE) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 2,429,375 shares of the company’s stock after buying an additional 16,200 shares during the period. Gamco Investors INC. ET AL’s holdings in Snyder’s-Lance were worth $84,105,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LNCE. Meadow Creek Investment Management LLC increased its position in shares of Snyder’s-Lance by 21.6% in the first quarter. Meadow Creek Investment Management LLC now owns 3,424 shares of the company’s stock valued at $138,000 after buying an additional 608 shares in the last quarter. Creative Planning increased its position in Snyder’s-Lance by 68.7% in the second quarter. Creative Planning now owns 4,083 shares of the company’s stock valued at $141,000 after buying an additional 1,663 shares during the period. US Bancorp DE increased its position in Snyder’s-Lance by 12.7% in the second quarter. US Bancorp DE now owns 4,553 shares of the company’s stock valued at $158,000 after buying an additional 513 shares during the period. Public Employees Retirement System of Ohio increased its position in Snyder’s-Lance by 3.4% in the first quarter. Public Employees Retirement System of Ohio now owns 4,058 shares of the company’s stock valued at $164,000 after buying an additional 132 shares during the period. Finally, Neuburgh Advisers LLC increased its position in Snyder’s-Lance by 21.6% in the first quarter. Neuburgh Advisers LLC now owns 4,708 shares of the company’s stock valued at $190,000 after buying an additional 836 shares during the period. Hedge funds and other institutional investors own 60.83% of the company’s stock.

Shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) opened at 37.08 on Friday. Snyder’s-Lance, Inc. has a 52 week low of $31.03 and a 52 week high of $40.85. The firm has a 50-day moving average of $35.54 and a 200 day moving average of $37.18. The firm has a market capitalization of $3.58 billion, a P/E ratio of 100.76 and a beta of 0.71.

Snyder’s-Lance (NASDAQ:LNCE) last announced its earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a net margin of 1.60% and a return on equity of 5.34%. The firm had revenue of $579.60 million for the quarter, compared to the consensus estimate of $565.66 million. During the same period in the prior year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Snyder’s-Lance, Inc. will post $1.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, August 18th. Snyder’s-Lance’s payout ratio is currently 177.78%.

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Several research analysts have commented on the stock. UBS AG reissued a “neutral” rating and set a $39.00 price objective (up previously from $35.00) on shares of Snyder’s-Lance in a report on Thursday, August 10th. TheStreet raised shares of Snyder’s-Lance from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. BMO Capital Markets reissued an “outperform” rating and issued a $43.00 price objective (up from $38.00) on shares of Snyder’s-Lance in a research report on Wednesday, August 9th. BidaskClub lowered shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $44.00 price objective on shares of Snyder’s-Lance and gave the stock a “buy” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.80.

In other news, Director Peter P. Brubaker acquired 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were bought at an average cost of $37.10 per share, with a total value of $37,100.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patricia A. Warehime acquired 18,839 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $37.24 per share, for a total transaction of $701,564.36. The disclosure for this purchase can be found here. 13.70% of the stock is owned by corporate insiders.

About Snyder’s-Lance

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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