Hsbc Holdings PLC Sells 3,720 Shares of Seneca Foods Corp. $SENEA

Hsbc Holdings PLC lowered its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 56.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,840 shares of the company’s stock after selling 3,720 shares during the period. Hsbc Holdings PLC’s holdings in Seneca Foods were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SENEA. Royal Bank of Canada increased its position in Seneca Foods by 5.2% in the 1st quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock valued at $690,000 after buying an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $250,000 after acquiring an additional 156 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Seneca Foods in the first quarter worth approximately $245,000. Empowered Funds LLC grew its stake in Seneca Foods by 54.0% in the first quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock valued at $1,324,000 after acquiring an additional 5,214 shares during the period. Finally, Creative Planning acquired a new stake in Seneca Foods in the second quarter valued at approximately $266,000. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Stock Down 1.1%

SENEA opened at $165.49 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.06 and a quick ratio of 1.07. The company’s 50-day moving average is $162.38 and its 200 day moving average is $145.43. Seneca Foods Corp. has a fifty-two week low of $99.58 and a fifty-two week high of $187.61. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.97 and a beta of -0.07.

Wall Street Analyst Weigh In

SENEA has been the topic of a number of research reports. Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Seneca Foods currently has a consensus rating of “Strong Buy”.

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.