Allianz Asset Management GmbH Buys New Position in Seneca Foods Corp. $SENEA

Allianz Asset Management GmbH bought a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,663 shares of the company’s stock, valued at approximately $1,259,000. Allianz Asset Management GmbH owned about 0.17% of Seneca Foods as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC boosted its position in shares of Seneca Foods by 4.2% during the 3rd quarter. Ballentine Partners LLC now owns 2,773 shares of the company’s stock valued at $299,000 after purchasing an additional 112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Seneca Foods by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after buying an additional 156 shares during the period. CWM LLC boosted its holdings in shares of Seneca Foods by 75.9% during the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after buying an additional 205 shares in the last quarter. State of Wyoming grew its position in shares of Seneca Foods by 6.3% during the 3rd quarter. State of Wyoming now owns 3,953 shares of the company’s stock worth $427,000 after buying an additional 235 shares during the period. Finally, Pullen Investment Management LLC increased its stake in shares of Seneca Foods by 0.9% in the 2nd quarter. Pullen Investment Management LLC now owns 28,806 shares of the company’s stock valued at $2,922,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Price Performance

Seneca Foods stock opened at $127.68 on Friday. Seneca Foods Corp. has a 52 week low of $77.08 and a 52 week high of $134.14. The company’s 50 day moving average price is $114.77 and its two-hundred day moving average price is $112.60. The stock has a market cap of $873.97 million, a P/E ratio of 9.82 and a beta of 0.11. The company has a quick ratio of 0.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.37.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings data on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 5.58% and a return on equity of 12.30%. The business had revenue of $508.35 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on SENEA shares. Wall Street Zen cut shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

About Seneca Foods

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.