Vanguard Group Inc. Purchases 6,208 Shares of Seneca Foods Corp. $SENEA

Key Points

• Vanguard Group Inc. increased its stake in Seneca Foods Corp. by 2.1%, now holding 307,325 shares valued at approximately $27.36 million.
• Multiple hedge funds, including Wells Fargo and Bank of America, have also made increases to their positions in Seneca Foods, signaling investor interest.
• Seneca Foods faced a change in analyst rating, with Wall Street Zen downgrading the stock from "buy" to "hold" in early August.

Vanguard Group Inc. boosted its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,325 shares of the company's stock after purchasing an additional 6,208 shares during the period. Vanguard Group Inc. owned about 4.47% of Seneca Foods worth $27,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SENEA. Lazard Asset Management LLC bought a new position in Seneca Foods during the fourth quarter valued at approximately $54,000. Teacher Retirement System of Texas bought a new position in Seneca Foods during the first quarter valued at approximately $206,000. Janus Henderson Group PLC bought a new position in Seneca Foods during the fourth quarter valued at approximately $223,000. Wells Fargo & Company MN lifted its position in Seneca Foods by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,888 shares of the company's stock valued at $229,000 after purchasing an additional 538 shares during the period. Finally, Two Sigma Securities LLC bought a new position in Seneca Foods during the fourth quarter valued at approximately $244,000. Institutional investors own 42.51% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Seneca Foods Stock Performance

SENEA traded up $0.70 during trading on Monday, hitting $113.20. The company's stock had a trading volume of 100,606 shares, compared to its average volume of 45,402. The company has a quick ratio of 0.66, a current ratio of 4.11 and a debt-to-equity ratio of 0.44. Seneca Foods Corp. has a one year low of $59.21 and a one year high of $115.40. The firm has a market cap of $776.55 million, a PE ratio of 18.17 and a beta of 0.31. The business's 50 day simple moving average is $103.89 and its 200-day simple moving average is $93.22.

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

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.