Hsbc Holdings PLC Buys Shares of 6,560 Seneca Foods Corp. $SENEA

Hsbc Holdings PLC purchased a new stake in Seneca Foods Corp. (NASDAQ:SENEA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,560 shares of the company’s stock, valued at approximately $722,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Teacher Retirement System of Texas lifted its stake in Seneca Foods by 75.0% in the fourth quarter. Teacher Retirement System of Texas now owns 21,633 shares of the company’s stock valued at $2,393,000 after buying an additional 9,273 shares during the period. Peapod Lane Capital LLC grew its position in shares of Seneca Foods by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 37,523 shares of the company’s stock worth $4,151,000 after buying an additional 272 shares during the period. Ritholtz Wealth Management increased its stake in shares of Seneca Foods by 12.2% in the 4th quarter. Ritholtz Wealth Management now owns 11,265 shares of the company’s stock valued at $1,246,000 after acquiring an additional 1,225 shares during the last quarter. Pullen Investment Management LLC increased its stake in shares of Seneca Foods by 0.5% in the 4th quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock valued at $3,728,000 after acquiring an additional 168 shares during the last quarter. Finally, World Equity Group Inc. acquired a new stake in shares of Seneca Foods in the 4th quarter valued at approximately $331,000. 42.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SENEA. Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Seneca Foods currently has an average rating of “Strong Buy”.

Seneca Foods Stock Performance

Shares of SENEA opened at $167.24 on Thursday. The firm has a market cap of $1.13 billion, a P/E ratio of 10.07 and a beta of -0.07. Seneca Foods Corp. has a twelve month low of $99.58 and a twelve month high of $187.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 5.06. The firm’s 50 day moving average price is $155.91 and its two-hundred day moving average price is $140.96.

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.