Snyder's-Lance Inc (LNCE) Stake Increased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in shares of Snyder's-Lance Inc (NASDAQ:LNCE) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 70,962 shares of the company’s stock after acquiring an additional 1,454 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Snyder's-Lance were worth $3,554,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Snyder's-Lance by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,491,528 shares of the company’s stock worth $133,166,000 after buying an additional 168,643 shares in the last quarter. State Street Corp raised its holdings in shares of Snyder's-Lance by 5.7% during the 2nd quarter. State Street Corp now owns 2,805,872 shares of the company’s stock worth $97,137,000 after buying an additional 150,943 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Snyder's-Lance by 2.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,312,214 shares of the company’s stock worth $89,158,000 after buying an additional 62,904 shares in the last quarter. FMR LLC raised its holdings in shares of Snyder's-Lance by 15.4% during the 2nd quarter. FMR LLC now owns 1,917,933 shares of the company’s stock worth $66,400,000 after buying an additional 256,477 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Snyder's-Lance by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 854,797 shares of the company’s stock worth $42,808,000 after buying an additional 6,512 shares in the last quarter. 64.64% of the stock is owned by institutional investors.

Snyder's-Lance Inc (NASDAQ:LNCE) opened at $49.90 on Friday. Snyder's-Lance Inc has a fifty-two week low of $31.03 and a fifty-two week high of $50.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 0.99. The stock has a market capitalization of $4,862.85, a PE ratio of 45.05, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64.

Snyder's-Lance (NASDAQ:LNCE) last issued its earnings results on Tuesday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $564.20 million during the quarter, compared to analyst estimates of $559.86 million. During the same period in the previous year, the company earned $0.35 EPS. Snyder's-Lance’s revenue for the quarter was up 3.7% on a year-over-year basis. equities analysts forecast that Snyder's-Lance Inc will post 1.15 earnings per share for the current year.

A number of equities analysts have recently commented 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 for the company. in a report on Tuesday. BidaskClub cut Snyder's-Lance from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. SunTrust Banks reissued a “hold” rating and set a $35.00 price target on shares of Snyder's-Lance in a report 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 price target for the company in a report on Wednesday, October 18th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.83.

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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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