Oppenheimer & Close LLC Reduces Stake in Seneca Foods Corp. $SENEA

Oppenheimer & Close LLC cut its position in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 55.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,750 shares of the company’s stock after selling 24,512 shares during the quarter. Seneca Foods accounts for 1.4% of Oppenheimer & Close LLC’s investment portfolio, making the stock its 24th biggest holding. Oppenheimer & Close LLC owned approximately 0.29% of Seneca Foods worth $2,132,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Seneca Foods by 10.0% in the third quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock valued at $37,891,000 after buying an additional 31,873 shares in the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 10,357 shares during the last quarter. American Century Companies Inc. increased its holdings in Seneca Foods by 69.5% during the 2nd 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 raised its position in Seneca Foods by 667.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 46,501 shares of the company’s stock worth $4,717,000 after acquiring an additional 40,442 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position 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 acquiring an additional 9,639 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Stock Performance

Shares of NASDAQ SENEA opened at $131.06 on Friday. The company has a 50-day simple moving average of $116.40 and a 200-day simple moving average of $113.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72. The company has a market cap of $887.28 million, a PE ratio of 10.08 and a beta of 0.11. Seneca Foods Corp. has a 12 month low of $79.22 and a 12 month high of $134.14.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. The business had revenue of $508.35 million for the quarter. Seneca Foods had a net margin of 5.58% and a return on equity of 12.30%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. Wall Street Zen lowered Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Seneca Foods Company Profile

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.