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

Franklin Resources Inc. increased its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 63.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,663 shares of the company’s stock after buying an additional 4,532 shares during the quarter. Franklin Resources Inc.’s holdings in Seneca Foods were worth $1,183,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Seneca Foods by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 307,325 shares of the company’s stock worth $27,364,000 after purchasing an additional 6,208 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Seneca Foods by 35.1% during the second quarter. Teacher Retirement System of Texas now owns 3,119 shares of the company’s stock valued at $316,000 after purchasing an additional 811 shares during the period. Invesco Ltd. increased its position in Seneca Foods by 80.0% in 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 during the last quarter. Informed Momentum Co LLC purchased a new stake in Seneca Foods in the first quarter worth $1,032,000. Finally, American Century Companies Inc. raised its stake in shares of Seneca Foods by 161.5% in the first quarter. American Century Companies Inc. now owns 70,929 shares of the company’s stock valued at $6,316,000 after buying an additional 43,805 shares during the period. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Stock Performance

NASDAQ:SENEA opened at $112.57 on Friday. The business’s fifty day moving average is $115.25 and its 200 day moving average is $106.49. The firm has a market cap of $769.98 million, a price-to-earnings ratio of 13.06 and a beta of 0.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59. Seneca Foods Corp. has a 52-week low of $70.58 and a 52-week high of $129.03.

Wall Street Analyst Weigh In

SENEA has been the subject of several research reports. Wall Street Zen downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Seneca Foods in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, 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.