Snyder's-Lance Inc (LNCE) Shares Sold by Capital Management Associates NY

Capital Management Associates NY reduced its stake in Snyder's-Lance Inc (NASDAQ:LNCE) by 84.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the company’s stock after selling 29,450 shares during the period. Capital Management Associates NY’s holdings in Snyder's-Lance were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LNCE. TIAA CREF Investment Management LLC grew its stake in Snyder's-Lance by 4.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 227,842 shares of the company’s stock worth $7,888,000 after acquiring an additional 9,248 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Snyder's-Lance by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 308,569 shares of the company’s stock worth $10,683,000 after acquiring an additional 28,163 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Snyder's-Lance by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock worth $107,000 after acquiring an additional 465 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Snyder's-Lance by 8.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,380 shares of the company’s stock worth $602,000 after acquiring an additional 1,320 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Snyder's-Lance by 9.2% in the 2nd quarter. New York State Common Retirement Fund now owns 105,670 shares of the company’s stock worth $3,658,000 after acquiring an additional 8,899 shares in the last quarter. Institutional investors and hedge funds own 64.64% of the company’s stock.

LNCE has been the topic of a number of research analyst reports. Deutsche Bank set a $50.00 target price on shares of Snyder's-Lance and gave the stock a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of 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. SunTrust Banks upped their target price on shares of Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. TheStreet downgraded shares of Snyder's-Lance from a “b” rating to a “c+” rating in a research note on Tuesday, November 7th. Finally, BMO Capital Markets cut shares of Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a research report on Monday, December 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $45.83.

Shares of Snyder's-Lance Inc (LNCE) opened at $50.01 on Thursday. Snyder's-Lance Inc has a 52-week low of $31.03 and a 52-week high of $50.67. The firm has a market cap of $4,860.00, a P/E ratio of -200.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 0.99.

Snyder's-Lance (NASDAQ:LNCE) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Snyder's-Lance had a positive return on equity of 5.30% and a negative net margin of 2.22%. The business had revenue of $564.20 million during the quarter, compared to analysts’ expectations of $559.86 million. During the same period in the previous year, the company posted $0.35 EPS. Snyder's-Lance’s revenue for the quarter was up 3.7% on a year-over-year basis. research analysts expect that Snyder's-Lance Inc will post 1.15 earnings per share for the current fiscal year.

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Snyder's-Lance 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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