In the food processing sector, a key insider has done some notable buying in Snyder's-Lance ( LNCE), which manufactures, markets and distributes a variety of snack food products, including pretzels, sandwich crackers, chips, sugar wafers and nuts. Insiders must be seeing value here, with the stock down by around 14% so far in 2011. This company has a market cap of $1.36 billion and an enterprise value of $1.62 billion. The stock trades at a reasonable valuation, with a forward price-to-earnings ratio of 16.25. Snyder's estimated growth rate for the next quarter is 8.7%, and for next year it's pegged at 50%. This is not a cash-rich company; its total cash position on their books is just $11.15 million, and it total debt is over $261 million. The chairman of the board just bought 23,424 shares, or $477,836 worth of stock, between $20.20 and $20.45 per share. This same director has also been steadily buying large amounts of stock since March. From a technical standpoint, this stock is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock recently formed a double top at $22.50 a share and has since then dropped back below those key moving averages I mentioned above. If you're looking to buy this stock, I would get long off any weakness that takes it under $19 a share. Over the past year, that's been the best level to get into the stock and play it for a bounce back above $20. I would stop out of this trade if LNCE moves below some big near-term support at $18.30 a share. Snyder's-Lance is one of the top-yielding food and beverage stocks. To see more stocks with notable insider buying, including Zogenix ( ZGNX), Alpha & Omega Semiconductor ( ASOL) and Strategic Hotels & Resorts ( BEE), check out the Stocks With Big Insider Buying portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.