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TheStreet Open House

Hoard Peanut Butter as Prices Soar: 4 Stocks to Benefit

2. Snyder S Lance (LNCE) 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.

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