Geode Capital Management LLC Lowers Holdings in Seneca Foods Co. (NASDAQ:SENEA)

Geode Capital Management LLC reduced its position in shares of Seneca Foods Co. (NASDAQ:SENEA) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,335 shares of the company’s stock after selling 1,494 shares during the period. Geode Capital Management LLC owned approximately 1.64% of Seneca Foods worth $8,984,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Edge Capital Group LLC purchased a new stake in shares of Seneca Foods during the 4th quarter valued at $5,919,000. Peapod Lane Capital LLC purchased a new stake in Seneca Foods during the fourth quarter valued at about $4,627,000. Royce & Associates LP lifted its stake in Seneca Foods by 17.4% during the fourth quarter. Royce & Associates LP now owns 300,363 shares of the company’s stock worth $23,807,000 after purchasing an additional 44,462 shares during the last quarter. American Century Companies Inc. lifted its stake in Seneca Foods by 171.8% during the fourth quarter. American Century Companies Inc. now owns 27,124 shares of the company’s stock worth $2,150,000 after purchasing an additional 17,145 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in shares of Seneca Foods by 82.7% in the 4th quarter. Money Concepts Capital Corp now owns 29,442 shares of the company’s stock worth $2,334,000 after purchasing an additional 13,327 shares in the last quarter. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Price Performance

Shares of Seneca Foods stock opened at $89.20 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38. Seneca Foods Co. has a 52-week low of $51.79 and a 52-week high of $92.00. The company has a fifty day moving average of $84.87 and a 200-day moving average of $75.99. The stock has a market capitalization of $613.70 million, a price-to-earnings ratio of 16.28 and a beta of 0.26.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Seneca Foods from a “hold” rating to a “buy” rating in a research report on Monday.

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.