Insider Selling: Snyders-Lance Insider Sells 1,999 Shares of Stock (LNCE)
Snyders-Lance (NASDAQ:LNCE) Insider Kevin A. Henry unloaded 1,999 shares of the stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $27.25, for a total value of $54,472.75. Following the completion of the transaction, the insider now directly owns 3,375 shares in the company, valued at approximately $91,969. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Deutsche Bank initiated coverage on shares of Snyders-Lance in a research note on Thursday. They set a “hold” rating on the stock.
Shares of Snyders-Lance (NASDAQ:LNCE) traded up 0.18% on Friday, hitting $27.57. 132,777 shares of the company’s stock traded hands. Snyders-Lance has a one year low of $24.96 and a one year high of $32.49. The stock has a 50-day moving average of $26.74 and a 200-day moving average of $27.31. The company has a market cap of $1.933 billion and a price-to-earnings ratio of 25.48.
Snyders-Lance (NASDAQ:LNCE) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.03. The company had revenue of $437.00 million for the quarter, compared to the consensus estimate of $436.30 million. During the same quarter last year, the company posted $0.28 earnings per share. Snyders-Lance’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Snyders-Lance will post $1.25 earnings per share for the current fiscal year.
Snyder’s-Lance, Inc (NASDAQ:LNCE) is engaged in the manufacturing, distribution, marketing and sale of snack food products.
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