Key Points
- Seneca Foods VP Dean Everett Erstad sold 1,587 shares for approximately $327,176, reducing his direct stake by 72.27% to 609 shares.
- Seneca Foods shares opened at $195, near their 12-month high of $210, with a $1.32 billion market capitalization and a price-to-earnings ratio of 11.27.
- The company’s latest quarterly results missed earnings expectations, reporting $2.85 per share versus the $2.92 consensus estimate, while revenue of $405.17 million exceeded estimates.
Seneca Foods Corp. (NASDAQ:SENEA - Get Free Report) VP Dean Everett Erstad sold 1,587 shares of the business's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $206.16, for a total value of $327,175.92. Following the sale, the vice president directly owned 609 shares of the company's stock, valued at approximately $125,551.44. This trade represents a 72.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Seneca Foods Stock Performance
Shares of NASDAQ:SENEA opened at $195.00 on Wednesday. The business has a 50-day moving average of $181.48 and a two-hundred day moving average of $159.01. The firm has a market capitalization of $1.32 billion, a PE ratio of 11.27 and a beta of -0.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 0.88. Seneca Foods Corp. has a 12 month low of $99.58 and a 12 month high of $210.00.
Seneca Foods (NASDAQ:SENEA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.85 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.07). Seneca Foods had a net margin of 6.75% and a return on equity of 14.96%. The firm had revenue of $405.17 million during the quarter, compared to analyst estimates of $327.00 million.
Institutional Investors Weigh In On Seneca Foods
Several hedge funds have recently modified their holdings of SENEA. Royal Bank of Canada raised its holdings in shares of Seneca Foods by 22.6% during the 1st quarter. Royal Bank of Canada now owns 429 shares of the company's stock valued at $65,000 after buying an additional 79 shares during the period. Ballentine Partners LLC grew its position in Seneca Foods by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 2,862 shares of the company's stock valued at $317,000 after acquiring an additional 89 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Seneca Foods by 11.0% during the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company's stock valued at $100,000 after purchasing an additional 90 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company's stock valued at $250,000 after purchasing an additional 156 shares during the period. Finally, Swiss National Bank lifted its position in shares of Seneca Foods by 2.3% during the first quarter. Swiss National Bank now owns 9,000 shares of the company's stock worth $1,360,000 after purchasing an additional 200 shares in the last quarter. 42.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SENEA has been the subject of several research reports. Freedom Capital downgraded shares of Seneca Foods from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Seneca Foods from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, June 15th. Finally, Wall Street Zen lowered shares of Seneca Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Seneca Foods currently has an average rating of "Moderate Buy".
View Our Latest Analysis on SENEA
About Seneca Foods
(
Get Free Report)
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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