Seneca Foods Corp. $SENEA Shares Sold by Pullen Investment Management LLC

Pullen Investment Management LLC decreased its position in Seneca Foods Corp. (NASDAQ:SENEA) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,043 shares of the company’s stock after selling 13,651 shares during the period. Seneca Foods makes up approximately 1.5% of Pullen Investment Management LLC’s holdings, making the stock its 16th biggest position. Pullen Investment Management LLC’s holdings in Seneca Foods were worth $3,029,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of Seneca Foods by 75.0% during the fourth quarter. Teacher Retirement System of Texas now owns 21,633 shares of the company’s stock worth $2,393,000 after buying an additional 9,273 shares during the period. American Century Companies Inc. increased its position in Seneca Foods by 29.5% in the 3rd quarter. American Century Companies Inc. now owns 155,727 shares of the company’s stock valued at $16,809,000 after acquiring an additional 35,480 shares during the period. EVR Research LP bought a new stake in Seneca Foods during the 3rd quarter valued at $2,267,000. Franklin Resources Inc. raised its stake in Seneca Foods by 45.6% during the 3rd quarter. Franklin Resources Inc. now owns 16,983 shares of the company’s stock valued at $1,833,000 after acquiring an additional 5,320 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Seneca Foods by 34.8% during the 3rd quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock valued at $88,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Stock Performance

Seneca Foods stock opened at $155.85 on Friday. Seneca Foods Corp. has a 12-month low of $89.50 and a 12-month high of $181.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.06 and a quick ratio of 1.07. The stock has a market capitalization of $1.06 billion, a PE ratio of 9.39 and a beta of -0.03. The firm has a 50 day simple moving average of $145.44 and a 200-day simple moving average of $133.14.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SENEA. Freedom Capital raised Seneca Foods to a “strong-buy” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, Seneca Foods currently has a consensus rating of “Strong 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.