Principal Financial Group Inc. Makes New $480,000 Investment in Seneca Foods Corp. $SENEA

Principal Financial Group Inc. acquired a new position in Seneca Foods Corp. (NASDAQ:SENEA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,446 shares of the company’s stock, valued at approximately $480,000. Principal Financial Group Inc. owned 0.06% of Seneca Foods at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SENEA. Teacher Retirement System of Texas increased its position in Seneca Foods by 35.1% in the second quarter. Teacher Retirement System of Texas now owns 3,119 shares of the company’s stock worth $316,000 after buying an additional 811 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Seneca Foods by 172.7% during the third quarter. Assenagon Asset Management S.A. now owns 28,599 shares of the company’s stock valued at $3,087,000 after buying an additional 18,112 shares during the last quarter. American Century Companies Inc. lifted its stake in Seneca Foods by 69.5% in the 2nd quarter. American Century Companies Inc. now owns 120,247 shares of the company’s stock worth $12,197,000 after purchasing an additional 49,318 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Seneca Foods in the third quarter worth about $4,810,000. Finally, Geode Capital Management LLC raised its holdings in shares of Seneca Foods by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 139,457 shares of the company’s stock worth $14,146,000 after acquiring an additional 10,357 shares in the last quarter. 42.51% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Stock Performance

Shares of SENEA stock opened at $126.36 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72. Seneca Foods Corp. has a 1 year low of $77.08 and a 1 year high of $134.14. The business has a fifty day moving average of $115.99 and a 200 day moving average of $113.19. The firm has a market capitalization of $855.46 million, a price-to-earnings ratio of 9.72 and a beta of 0.11.

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

Analyst Ratings Changes

Several analysts have recently issued reports on SENEA shares. Wall Street Zen cut shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Seneca Foods 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.