Franklin Resources Inc. Purchases 4,532 Shares of Seneca Foods Corp. $SENEA

Franklin Resources Inc. grew its position in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 63.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,663 shares of the company’s stock after acquiring an additional 4,532 shares during the quarter. Franklin Resources Inc. owned about 0.17% of Seneca Foods worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SENEA. New York State Teachers Retirement System acquired a new stake in Seneca Foods in the 2nd quarter valued at $43,000. Russell Investments Group Ltd. lifted its stake in shares of Seneca Foods by 179.2% in the first quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock valued at $65,000 after buying an additional 466 shares in the last quarter. HFM Investment Advisors LLC acquired a new position in shares of Seneca Foods during the first quarter valued at about $71,000. Quantbot Technologies LP bought a new stake in shares of Seneca Foods during the first quarter worth about $135,000. Finally, State of Wyoming raised its holdings in shares of Seneca Foods by 128.0% in the 1st quarter. State of Wyoming now owns 1,838 shares of the company’s stock worth $164,000 after acquiring an additional 1,032 shares during the last quarter. 42.51% of the stock is currently owned by institutional investors.

Seneca Foods Trading Down 2.9%

NASDAQ:SENEA opened at $112.57 on Friday. Seneca Foods Corp. has a 52 week low of $70.58 and a 52 week high of $129.03. The firm has a 50-day moving average price of $115.25 and a two-hundred day moving average price of $106.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59. The firm has a market cap of $769.98 million, a price-to-earnings ratio of 13.06 and a beta of 0.10.

Analyst Ratings Changes

A number of research firms have issued reports on SENEA. Wall Street Zen downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seneca Foods in a research report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Seneca Foods

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.