Champlain Investment Partners buys $141,497,218 stake in Snyder's-Lance Inc (LNCE)

Snyder's-Lance Inc (LNCE) : Champlain Investment Partners scooped up 184,870 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 Nov 14, 2016. The investment management firm now holds a total of 3,764,225 shares of Snyder's-Lance Inc which is valued at $141,497,218.Snyder's-Lance Inc makes up approximately 2.14% of Champlain Investment Partners’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in LNCE in the latest quarter, The investment management firm added 133,871 additional shares and now holds a total of 199,143 shares of Snyder's-Lance Inc which is valued at $7,390,197. Snyder's-Lance Inc makes up approx 0.02% of D. E. Shaw’s portfolio.Artisan Partners Limited Partnership reduced its stake in LNCE by selling 5,730 shares or 8.52% in the most recent quarter. The Hedge Fund company now holds 61,526 shares of LNCE which is valued at $2,261,081.Dimensional Fund Advisors Lp reduced its stake in LNCE by selling 45,423 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 3,719,134 shares of LNCE which is valued at $136,678,175. Snyder's-Lance Inc makes up approx 0.07% of Dimensional Fund Advisors Lp’s portfolio.Blackrock Group Ltd reduced its stake in LNCE by selling 3,157 shares or 6.42% in the most recent quarter. The Hedge Fund company now holds 46,004 shares of LNCE which is valued at $1,645,103.Public Employees Retirement Association Of Colorado reduced its stake in LNCE by selling 1,725 shares or 10.71% in the most recent quarter. The Hedge Fund company now holds 14,375 shares of LNCE which is valued at $502,119.

Snyder's-Lance Inc opened for trading at $37.09 and hit $37.45 on the upside on Monday, eventually ending the session at $37.45, with a gain of 1.27% or 0.47 points. The heightened volatility saw the trading volume jump to 5,66,719 shares. Company has a market cap of $3,601 M.

On the company’s financial health, Snyder's-Lance Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.30. The company had revenue of $588.80 million for the quarter, compared to analysts expectations of $611.98 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 $0.26 EPS.

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 Tom’s Archway Jays Stella D’oro 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).

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