Seneca Foods Corp. (NASDAQ:SENEA – Get Free Report) VP Dean Everett Erstad sold 1,587 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $206.16, for a total transaction of $327,175.92. Following the completion of the transaction, the vice president owned 609 shares of the company’s stock, valued at approximately $125,551.44. This trade represents a 72.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Seneca Foods Trading Down 0.4%
Shares of SENEA stock traded down $0.71 during trading hours on Tuesday, hitting $195.00. 132,164 shares of the company’s stock traded hands, compared to its average volume of 105,678. The stock’s 50 day simple moving average is $181.06 and its 200 day simple moving average is $158.52. The stock has a market cap of $1.32 billion, a PE ratio of 11.27 and a beta of -0.03. Seneca Foods Corp. has a 12 month low of $99.58 and a 12 month high of $210.00. The company has a quick ratio of 0.88, a current ratio of 3.77 and a debt-to-equity ratio of 0.26.
Seneca Foods (NASDAQ:SENEA – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.07). The company had revenue of $405.17 million during the quarter, compared to analyst estimates of $327.00 million. Seneca Foods had a net margin of 6.75% and a return on equity of 14.96%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on SENEA
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SENEA. California State Teachers Retirement System boosted its position in shares of Seneca Foods by 20,313.7% during the 2nd quarter. California State Teachers Retirement System now owns 887,790 shares of the company’s stock valued at $154,422,000 after purchasing an additional 883,441 shares in the last quarter. Vanguard Group Inc. increased its holdings in Seneca Foods by 10.0% in the third quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock worth $37,891,000 after purchasing an additional 31,873 shares in the last quarter. Geode Capital Management LLC lifted its stake in Seneca Foods by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 138,182 shares of the company’s stock valued at $15,289,000 after buying an additional 516 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Seneca Foods by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,203 shares of the company’s stock valued at $12,192,000 after buying an additional 12,409 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Seneca Foods by 31.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 61,222 shares of the company’s stock worth $6,608,000 after buying an additional 14,721 shares in the last quarter. 42.51% of the stock is owned by institutional investors and hedge funds.
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.
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