Seneca Foods (NASDAQ:SENEA) Upgraded at Wall Street Zen

Seneca Foods (NASDAQ:SENEA) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Seneca Foods Stock Down 1.2%

Seneca Foods stock opened at $115.64 on Friday. The stock has a 50 day moving average of $115.09 and a two-hundred day moving average of $110.80. Seneca Foods has a twelve month low of $70.98 and a twelve month high of $129.03. The stock has a market capitalization of $790.98 million, a price-to-earnings ratio of 13.42 and a beta of 0.13. The company has a current ratio of 2.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Seneca Foods

Several hedge funds and other institutional investors have recently modified their holdings of SENEA. Ritholtz Wealth Management increased its holdings in shares of Seneca Foods by 12.2% in the 4th quarter. Ritholtz Wealth Management now owns 11,265 shares of the company’s stock worth $1,246,000 after acquiring an additional 1,225 shares during the period. Pullen Investment Management LLC boosted its stake in Seneca Foods by 0.5% during the 4th quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock valued at $3,728,000 after purchasing an additional 168 shares during the period. World Equity Group Inc. bought a new position in Seneca Foods in the 4th quarter worth about $331,000. Caxton Associates LLP bought a new position in Seneca Foods in the 3rd quarter worth about $532,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Seneca Foods in the third quarter valued at approximately $355,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.