Peapod Lane Capital LLC Cuts Holdings in Seneca Foods Corp. (NASDAQ:SENEA)

Peapod Lane Capital LLC lowered its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 27.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,605 shares of the company's stock after selling 15,775 shares during the period. Seneca Foods accounts for approximately 4.3% of Peapod Lane Capital LLC's portfolio, making the stock its 3rd biggest holding. Peapod Lane Capital LLC owned 0.62% of Seneca Foods worth $3,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SENEA. GAMMA Investing LLC boosted its position in Seneca Foods by 12,377.1% in the 1st quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock valued at $1,744,000 after buying an additional 19,432 shares during the last quarter. American Century Companies Inc. grew its position in Seneca Foods by 171.8% in the 4th quarter. American Century Companies Inc. now owns 27,124 shares of the company's stock valued at $2,150,000 after buying an additional 17,145 shares in the last quarter. Pullen Investment Management LLC grew its holdings in Seneca Foods by 46.2% during the fourth quarter. Pullen Investment Management LLC now owns 27,974 shares of the company's stock worth $2,217,000 after acquiring an additional 8,842 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Seneca Foods by 12.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 28,830 shares of the company's stock valued at $2,285,000 after acquiring an additional 3,157 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Seneca Foods in the fourth quarter worth approximately $272,000. Hedge funds and other institutional investors own 42.51% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Seneca Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, April 29th.

Seneca Foods Stock Performance

Shares of SENEA traded down $3.70 during mid-day trading on Wednesday, hitting $101.53. The company's stock had a trading volume of 112,529 shares, compared to its average volume of 32,723. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 3.52. The stock's 50-day moving average is $93.60 and its two-hundred day moving average is $85.37. Seneca Foods Corp. has a one year low of $56.36 and a one year high of $106.83. The firm has a market capitalization of $699.54 million, a PE ratio of 17.24 and a beta of 0.42.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported $1.37 EPS for the quarter. The business had revenue of $345.84 million during the quarter. Seneca Foods had a return on equity of 11.03% and a net margin of 2.61%.

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.