Invesco Ltd. Raises Stock Holdings in Seneca Foods Corp. $SENEA

Invesco Ltd. grew its holdings in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 80.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,492 shares of the company’s stock after buying an additional 23,329 shares during the period. Invesco Ltd. owned 0.76% of Seneca Foods worth $4,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SENEA. Wells Fargo & Company MN boosted its holdings in shares of Seneca Foods by 22.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,888 shares of the company’s stock valued at $229,000 after buying an additional 538 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Seneca Foods by 2.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company’s stock valued at $442,000 after buying an additional 129 shares in the last quarter. Barclays PLC boosted its holdings in shares of Seneca Foods by 11.4% during the 4th quarter. Barclays PLC now owns 8,042 shares of the company’s stock valued at $637,000 after buying an additional 820 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Seneca Foods during the 4th quarter valued at $272,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Seneca Foods during the 4th quarter valued at $244,000. Institutional investors own 42.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Seneca Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

Seneca Foods Trading Down 1.5%

SENEA stock opened at $110.89 on Thursday. The firm has a market cap of $760.71 million, a PE ratio of 17.80 and a beta of 0.38. The firm has a fifty day moving average price of $102.97 and a 200 day moving average price of $92.55. Seneca Foods Corp. has a fifty-two week low of $59.21 and a fifty-two week high of $115.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11.

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

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.