Snyder’s-Lance, Inc. Declares Quarterly Dividend of $0.16 (LNCE)
Snyder’s-Lance, Inc. (NASDAQ:LNCE) announced a quarterly dividend on Friday, November 3rd, RTT News reports. Investors of record on Monday, November 20th will be given a dividend of 0.16 per share on Tuesday, November 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.72%.
Snyder’s-Lance (NASDAQ:LNCE) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The firm had revenue of $579.60 million for the quarter, compared to analyst estimates of $565.66 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Snyder’s-Lance’s quarterly revenue was up 3.3% on a year-over-year basis.
A number of brokerages recently weighed in on LNCE. TheStreet raised Snyder’s-Lance from a “c+” rating to a “b” rating in a report on Tuesday, August 8th. BidaskClub lowered Snyder’s-Lance from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. UBS AG reaffirmed a “neutral” rating and set a $39.00 price objective (up previously from $35.00) on shares of Snyder’s-Lance in a report on Thursday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $43.00 price objective (up previously from $38.00) on shares of Snyder’s-Lance in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Snyder’s-Lance presently has an average rating of “Buy” and a consensus target price of $40.50.
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In other news, Director Patricia A. Warehime bought 21,263 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $37.25 per share, with a total value of $792,046.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Isaiah Tidwell sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total value of $56,025.00. The disclosure for this sale can be found here. 13.70% of the stock is currently owned by corporate insiders.
Snyder’s-Lance Company 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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