JPMorgan Chase & Co. Buys 8,606 Shares of Seneca Foods Co. (NASDAQ:SENEA)

JPMorgan Chase & Co. raised its stake in Seneca Foods Co. (NASDAQ:SENEA) by 42.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,996 shares of the company’s stock after acquiring an additional 8,606 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Seneca Foods worth $2,298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Royce & Associates LP boosted its stake in Seneca Foods by 17.4% in the fourth quarter. Royce & Associates LP now owns 300,363 shares of the company’s stock valued at $23,807,000 after buying an additional 44,462 shares in the last quarter. Edge Capital Group LLC acquired a new stake in shares of Seneca Foods in the 4th quarter valued at approximately $5,919,000. Peapod Lane Capital LLC bought a new stake in shares of Seneca Foods during the 4th quarter valued at approximately $4,627,000. Money Concepts Capital Corp increased its position in Seneca Foods by 82.7% during 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. Finally, American Century Companies Inc. lifted its stake in Seneca Foods by 171.8% in the 4th quarter. American Century Companies Inc. now owns 27,124 shares of the company’s stock valued at $2,150,000 after purchasing an additional 17,145 shares during the last quarter. 42.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Seneca Foods from a “hold” rating to a “buy” rating in a research note on Monday.

Seneca Foods Stock Performance

NASDAQ:SENEA opened at $89.20 on Thursday. The stock’s 50-day moving average is $84.87 and its 200-day moving average is $75.99. The stock has a market cap of $613.70 million, a P/E ratio of 16.28 and a beta of 0.26. Seneca Foods Co. has a 1-year low of $51.79 and a 1-year high of $92.00. The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53.

Seneca Foods (NASDAQ:SENEA) last announced 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%.

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.