Snyder's-Lance Inc (LNCE) : Champlain Investment Partners scooped up 985,405 additional shares in Snyder's-Lance Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 3,579,355 shares of Snyder's-Lance Inc which is valued at $126,315,438.Snyder's-Lance Inc makes up approximately 2.07% of Champlain Investment Partners’s portfolio.
Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in LNCE in the latest quarter, The investment management firm added 2,965 additional shares and now holds a total of 34,317 shares of Snyder's-Lance Inc which is valued at $1,211,047. Snyder's-Lance Inc makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Tower Research Capital (trc) boosted its stake in LNCE in the latest quarter, The investment management firm added 1,154 additional shares and now holds a total of 1,519 shares of Snyder's-Lance Inc which is valued at $53,606. Los Angeles Capital Management Equity Research Inc added LNCE to its portfolio by purchasing 8,395 company shares during the most recent quarter which is valued at $299,366.Neuberger Berman Group reduced its stake in LNCE by selling 58,457 shares or 52.55% in the most recent quarter. The Hedge Fund company now holds 52,793 shares of LNCE which is valued at $1,812,384.
Snyder's-Lance Inc opened for trading at $35.83 and hit $36.05 on the upside on Monday, eventually ending the session at $35.79, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 4,23,139 shares. Company has a market cap of $3,438 M.
On the company’s financial health, Snyder's-Lance Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.26. The company had revenue of $609.50 million for the quarter, compared to analysts expectations of $619.90 million. The company’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Snyder's-Lance Inc. Company shares were Reiterated by DA Davidson on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Reiterated by Deutsche Bank on Aug 2, 2016 to “Hold”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .Snyder's-Lance Inc was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 26, 2016.
Snyder’s-Lance Inc. is a national 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 nuts restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Company’s brands include core brands such as Snyder’s of Hanover Lance Cape Cod Snack Factory Pretzel Crisps and Late July and allied brands such as Toms Archway Jays Stella Doro EatSmart Krunchers! and O-Ke-Doke. The Company’s Clearview Foods division combines Snack Factory Pretzel Crisps Late July Organic Snacks and EatSmart brands. The Company also sells Partner brand products which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).