This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hoard Peanut Butter as Prices Soar: 4 Stocks to Benefit

2. Snyder S Lance (LNCE - Get Report) manufactures, markets and distributes a variety of snack food products. It also resells certain cakes, meat snacks, candy and other partner brand products. The company is scheduled to release its third-quarter 2011 results on November 3.

The company paid a dividend of 16 cents per share in the final week of August, taking the total dividend for 2011 to 48 cents per share. The dividend yield is 3%.

A consensus forecast of analysts polled by Bloomberg expects LNCE to record net income of $14.91 million, or 23 cents per share, for the third quarter of 2011, compared to $11.05 million, or 16 cents per share, in the second quarter of 2011. Sales are seen rising to $411.29 million from $237.68 million in the same quarter last year. Operating profit is estimated up 57% year-over-year to $25.64 million.

With the pricing of private brands coming under pressure of higher commodity costs, LNCE expects margins to improve in third-quarter 2011. For full-year 2011, the company estimates earnings per share, excluding special items, to range from 75 cents to 90 cents on a fully diluted basis. Also, revenue is forecast between $1.59 billion and $1.63 billion, while capital expenditures are pegged in the range of $60 million to $70 million for the year.

Of the 13 analysts covering the stock, 31% recommend a buy and 62% rate it as a hold. Data from Bloomberg has analysts forecasting the stock gaining 12.4% to $23.17 in the upcoming 12 months.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CAG $36.86 0.00%
LNCE $32.23 0.00%
SJM $115.48 0.00%
AAPL $124.25 0.00%
FB $81.66 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs