Published: Wed, December 20, 2017
Markets | By Terence Owen

Campbell's Soup To Buy Snyder's-Lance For Nearly $5 Billion

Campbell's Soup To Buy Snyder's-Lance For Nearly $5 Billion

LNCE has been the topic of a number of analyst reports. The company has a market capitalization of $4,559.92, a PE ratio of 42.15 and a beta of 0.71. The stock increased 6.95% or $3.25 during the last trading session, reaching $50.04. About 12.47M shares traded or 1696.35% up from the average. Finally, BMO Capital Markets lowered shares of Snyder's-Lance from an "outperform" rating to a "market perform" rating and set a $43.00 price objective on the a report on Monday. It has outperformed by 6.09% the S&P500.

Analysts await Snyder's-Lance, Inc. (NASDAQ:LNCE) for 36,300 shares. M&T State Bank reported 7,808 shares or 0% of all its holdings.

Investors sentiment increased to 1.64 in Q2 2017. Its up 0.08, from 0.99 in 2017Q1.

Several institutional investors have recently modified their holdings of the company. 111 funds opened positions while 603 raised stakes. (NASDAQ:LNCE). Teton Advsr has 0.83% invested in Snyder's-Lance, Inc. Pacad Investment holds 0.07% or 13,917 shares. (NYSE:MRK) for 26,600 shares. Swiss Commercial Bank reported 128,612 shares. White Pine Ltd Liability invested in 9,475 shares or 0.13% of the stock. Sg Americas Secs Ltd Co stated it has 30,908 shares. (NASDAQ:LNCE). Carroll Finance Assoc Incorporated holds 3,357 shares or 0.01% of its portfolio. Penobscot Investment Mgmt reported 25,529 shares. Inc. had 71 analyst reports since August 13, 2015 according to SRatingsIntel. Therefore 65% are positive. (NASDAQ:LNCE) has "Buy" rating given on Thursday, October 29 by SunTrust. BMO Capital Markets maintained Snyder's-Lance, Inc. Jefferies maintained the stock with "Sell" rating in Friday, October 20 report. (NASDAQ:LNCE) has "Hold" rating given on Wednesday, August 12 by Zacks. Deutsche Bank has "Buy" rating and $50.0 target. The stock of Merck & Co., Inc. (NASDAQ:LNCE) earned "Buy" rating by BMO Capital Markets on Tuesday, July 18.

(NASDAQ:LNCE). Credit Agricole S A holds 0% or 8,774 shares. Goldman Sachs Group Inc. boosted its holdings in shares of Snyder's-Lance by 108.4% during the 2nd quarter. On Wednesday, April 27 the stock rating was initiated by DA Davidson with "Buy". (NASDAQ:LNCE) earned "Buy" rating by Deutsche Bank on Wednesday, February 15. The rating was maintained by Jefferies with "Buy" on Friday, July 28. (NASDAQ:LNCE) rating on Thursday, September 28. The stock has "Outperform" rating by BMO Capital Markets on Thursday, June 9.

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Investors sentiment increased to 1.64 in Q2 2017.

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 0.99. It improved, as 27 investors sold LNCE shares while 42 reduced holdings. FNY Partners Fund LP acquired a new position in Snyder's-Lance during the 2nd quarter valued at about $103,000. Lord Abbett & Ltd Llc, New Jersey-based fund reported 430,988 shares. Public Employees Retirement System of OH lifted its position in Snyder's-Lance by 5.3% during the 2nd quarter. Rodgers Brothers invested in 0.09% or 6,700 shares. Oregon Pub Employees Retirement Fund holds 31,223 shares. BlackRock Inc. boosted its holdings in shares of Snyder's-Lance by 1.7% during the 2nd quarter. 42,013 were accumulated by Mason Street Limited Liability Corp. (NASDAQ:LNCE) for 243,600 shares. Nuveen Asset Management Llc has invested 0.02% in Snyder's-Lance, Inc. (NASDAQ:LNCE). Oak Ridge Invs Limited reported 1.09 million shares. Ubs Asset Mgmt Americas, Illinois-based fund reported 44,353 shares. This works out to a net decrease in ownership of 1.19 million shares, and suggests that institutions are feeling bearish about the stock. (NASDAQ:LNCE). Ameritas Ptnrs Inc holds 0.06% or 33,293 shares in its portfolio.

Snyder's-Lance (NASDAQ:LNCE) last released its earnings results on Tuesday, November 7th.

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