Seneca Foods (NASDAQ:SENEA) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Seneca Foods (NASDAQ:SENEA) from a hold rating to a strong-buy rating in a report issued on Saturday morning.

Separately, Weiss Ratings lowered Seneca Foods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Seneca Foods Trading Up 6.2%

Shares of Seneca Foods stock traded up $6.25 on Friday, hitting $107.65. 160,967 shares of the company traded hands, compared to its average volume of 47,920. The stock’s 50 day moving average price is $110.56 and its 200-day moving average price is $102.26. The company has a market cap of $738.91 million, a PE ratio of 17.28 and a beta of 0.19. Seneca Foods has a 52 week low of $63.74 and a 52 week high of $124.00. The company has a current ratio of 4.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44.

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

Institutional Trading of Seneca Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Seneca Foods by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock worth $37,891,000 after purchasing an additional 31,873 shares during the last quarter. Savant Capital LLC increased its position in Seneca Foods by 19.1% during the third quarter. Savant Capital LLC now owns 5,420 shares of the company’s stock worth $585,000 after purchasing an additional 868 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Seneca Foods during the third quarter worth about $1,259,000. State of Wyoming grew its stake in shares of Seneca Foods by 6.3% in the 3rd quarter. State of Wyoming now owns 3,953 shares of the company’s stock valued at $427,000 after buying an additional 235 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Seneca Foods during the 3rd quarter worth approximately $480,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

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.