15,639 Shares in Seneca Foods Corp. $SENEA Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a new position in Seneca Foods Corp., purchasing 15,639 shares worth approximately $1.39 million, representing about 0.23% of the company's stock.
• Analyst ratings for Seneca Foods were adjusted, with Wall Street Zen downgrading the stock from a "buy" to a "hold" rating on August 9.
• Seneca Foods reported a quarterly earnings per share (EPS) of $0.86 and a revenue of $297.46 million for the last quarter, indicating a net margin of 2.76%.

Nuveen LLC bought a new stake in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,639 shares of the company's stock, valued at approximately $1,392,000. Nuveen LLC owned 0.23% of Seneca Foods as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Seneca Foods during the 4th quarter worth approximately $54,000. Teacher Retirement System of Texas bought a new position in shares of Seneca Foods in the 1st quarter worth $206,000. Janus Henderson Group PLC bought a new position in shares of Seneca Foods in the 4th quarter worth $223,000. Wells Fargo & Company MN lifted its stake in Seneca Foods by 22.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,888 shares of the company's stock valued at $229,000 after acquiring an additional 538 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Seneca Foods during the 4th quarter valued at $272,000. Institutional investors and hedge funds own 42.51% of the company's stock.

Seneca Foods Price Performance

SENEA stock traded up $0.01 during mid-day trading on Thursday, reaching $113.37. 67,721 shares of the company traded hands, compared to its average volume of 44,881. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.11 and a quick ratio of 0.66. The company has a market capitalization of $777.68 million, a P/E ratio of 18.16 and a beta of 0.31. Seneca Foods Corp. has a 52-week low of $59.21 and a 52-week high of $115.40. The company has a fifty day moving average price of $105.00 and a 200-day moving average price of $93.71.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.86 earnings per share for the quarter. The business had revenue of $297.46 million during the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Seneca Foods from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.