Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by Wall Street Zen

Seneca Foods (NASDAQ:SENEA) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

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

Seneca Foods Price Performance

NASDAQ:SENEA opened at $119.33 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.59 and a quick ratio of 0.42. The company has a 50 day moving average price of $114.46 and a 200-day moving average price of $111.36. Seneca Foods has a 1-year low of $70.98 and a 1-year high of $129.03. The firm has a market cap of $816.22 million, a price-to-earnings ratio of 13.84 and a beta of 0.13.

Institutional Trading of Seneca Foods

A number of hedge funds and other institutional investors have recently modified their holdings of SENEA. Ballentine Partners LLC boosted its stake in shares of Seneca Foods by 4.2% in the 3rd quarter. Ballentine Partners LLC now owns 2,773 shares of the company’s stock valued at $299,000 after buying an additional 112 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 156 shares in the last quarter. Pullen Investment Management LLC raised its holdings in shares of Seneca Foods by 0.5% in 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 in the last quarter. CWM LLC increased its holdings in Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after buying an additional 205 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Seneca Foods by 34.8% in the third quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock valued at $88,000 after buying an additional 211 shares in the last quarter. 42.51% of the stock is owned by institutional investors and hedge funds.

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.