Geode Capital Management LLC Has $14.15 Million Stake in Seneca Foods Corp. $SENEA

Geode Capital Management LLC boosted its stake in Seneca Foods Corp. (NASDAQ:SENEA) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,457 shares of the company’s stock after buying an additional 10,357 shares during the quarter. Geode Capital Management LLC owned approximately 2.02% of Seneca Foods worth $14,146,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Seneca Foods by 161.5% in the 1st quarter. American Century Companies Inc. now owns 70,929 shares of the company’s stock valued at $6,316,000 after purchasing an additional 43,805 shares during the last quarter. Invesco Ltd. grew its position in Seneca Foods by 80.0% during the first quarter. Invesco Ltd. now owns 52,492 shares of the company’s stock worth $4,674,000 after buying an additional 23,329 shares in the last quarter. Nuveen LLC acquired a new position in shares of Seneca Foods in the first quarter valued at $1,392,000. Informed Momentum Co LLC acquired a new position in shares of Seneca Foods in the 1st quarter valued at $1,032,000. Finally, Ritholtz Wealth Management bought a new position in Seneca Foods during the second quarter worth about $787,000. 42.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SENEA shares. Wall Street Zen upgraded shares of Seneca Foods from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Seneca Foods presently has a consensus rating of “Buy”.

Seneca Foods Stock Performance

SENEA opened at $121.20 on Tuesday. The company has a market capitalization of $829.61 million, a price-to-earnings ratio of 19.45 and a beta of 0.19. The business’s 50-day moving average price is $114.34 and its two-hundred day moving average price is $105.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.11 and a quick ratio of 0.66. Seneca Foods Corp. has a 1 year low of $70.58 and a 1 year high of $129.03.

Seneca Foods 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.