Seneca Foods Corp. $SENEA Shares Bought by Pullen Investment Management LLC

Pullen Investment Management LLC grew its holdings in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 16.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,526 shares of the company’s stock after purchasing an additional 4,720 shares during the period. Seneca Foods makes up approximately 2.0% of Pullen Investment Management LLC’s investment portfolio, making the stock its 11th largest holding. Pullen Investment Management LLC owned 0.49% of Seneca Foods worth $3,619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Seneca Foods by 8.0% in the 2nd quarter. Geode Capital Management LLC now owns 139,457 shares of the company’s stock valued at $14,146,000 after buying an additional 10,357 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Seneca Foods by 69.5% in the second quarter. American Century Companies Inc. now owns 120,247 shares of the company’s stock valued at $12,197,000 after acquiring an additional 49,318 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Seneca Foods by 667.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 46,501 shares of the company’s stock valued at $4,717,000 after acquiring an additional 40,442 shares during the period. Bridgeway Capital Management LLC raised its holdings in Seneca Foods by 27.0% during the second quarter. Bridgeway Capital Management LLC now owns 45,404 shares of the company’s stock worth $4,605,000 after purchasing an additional 9,639 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Seneca Foods in the third quarter worth approximately $4,810,000. 42.51% of the stock is currently owned by institutional investors.

Seneca Foods Price Performance

Shares of NASDAQ:SENEA opened at $113.80 on Wednesday. Seneca Foods Corp. has a one year low of $70.98 and a one year high of $129.03. The stock has a fifty day moving average of $114.27 and a 200-day moving average of $110.16. The company has a market capitalization of $778.96 million, a PE ratio of 13.20 and a beta of 0.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59.

Analyst Ratings Changes

Several brokerages have recently issued reports on SENEA. Wall Street Zen cut Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Seneca Foods

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.