Yahoo Finance Snyder’s-Lance Declares Its Dividend and Elects Directors
What Did the First Week of May Bring for the Consumer Sector?
Price movement of Snyder’s-Lance
Snyder’s-Lance (LNCE) rose by 4.8% to close at $33.51 per share at the end of the first week of May 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 4.8%, 6.2%, and -1.8%, respectively. This means that LNCE is trading 5.4% above its 20-day moving average, 6.0% above its 50-day moving average, and 0.01% below its 200-day moving average.
Related ETFs and peers
The iShares Russell 2000 Value ETF (IWN) invests 0.17% of its holdings in LNCE. The ETF tracks an index of US small-cap value stocks. The index selects value stocks from a universe of stocks ranked between 1,001 and 3,000 by market cap. The YTD price movement of IWN was 3.3% on May 6, 2016.
The iShares Russell 2000 ETF (IWM) invests 0.08% of its holdings in LNCE. The ETF tracks a market-cap-weighted index of US small-cap stocks. The index also selects stocks ranked between 1,001 and 3,000 by market cap.
The markets caps of Snyder’s-Lance’s competitors are as follows:
Mondelēz International (MDLZ) – $68.2 billion
J&J Snack Foods (JJSF) – $2.0 billion
Snyder’s-Lance declares dividend
Snyder’s-Lance declared a regular cash dividend of $0.16 per share on its common stock. The dividend will be paid on May 27, 2016, to shareholders on record at the close of business on May 19, 2016.
The company has elected a board of directors. John E. Denton, Lawrence V. Jackson, David C. Moran, and Dan C. Swander will serve on the board of directors until the Annual Meeting of Stockholders in 2019, while Brian J. Driscoll will serve until the 2017 meeting.
Performance of Snyder’s-Lance in 4Q15 and 2015
Snyder’s-Lance reported fiscal 4Q15 net revenue of $405.9 million, a fall of 7.5% from the net revenue of $439.0 million in fiscal 4Q14. It reported $545.0 million from the sale of route businesses in fiscal 4Q15, compared with $329.0 million in fiscal 4Q14.
Its net income and EPS (earnings per share) fell to $7.0 million and $0.10, respectively, in fiscal 4Q15, compared with $26.3 million and $0.37, respectively, in fiscal 4Q14.
Fiscal 2015 results
In fiscal 2015, LNCE reported a net revenue of $1.7 billion, a rise of 2.2% YoY (year-over-year). It reported settlements of litigations of $5.7 million in fiscal 2015. Its net income and EPS fell to $50.7 million and $0.71, respectively, in fiscal 2015, compared with $192.6 million and $2.72, respectively, in fiscal 2014.
Snyder’s-Lance’s cash and cash equivalents rose by 10.6% and its inventories fell by 4.5% in fiscal 2015. In fiscal 2015, its current and debt-to-equity ratios fell to 2.22x and 0.64x, compared with $2.24x and 0.70x, respectively, in fiscal 2014. Now let’s take a look at Brunswick (BC).
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