Dean Everett Erstad Sells 1,587 Shares of Seneca Foods (NASDAQ:SENEA) Stock

Seneca Foods Corp. (NASDAQ:SENEA) VP Dean Erstad sold 1,587 shares of Seneca Foods stock in a transaction on Friday, September 4th. The shares were sold at an average price of $206.16, for a total value of $327,175.92. Following the transaction, the vice president owned 609 shares in the company, valued at $125,551.44. This represents a 72.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Seneca Foods Stock Down 1.7%

NASDAQ:SENEA opened at $191.63 on Thursday. The business’s fifty day moving average price is $181.68 and its 200 day moving average price is $159.47. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.07 and a beta of -0.03. The company has a current ratio of 3.77, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. Seneca Foods Corp. has a 1-year low of $99.58 and a 1-year high of $210.00.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.85 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.07). Seneca Foods had a return on equity of 14.96% and a net margin of 6.75%.The business had revenue of $405.17 million for the quarter, compared to analyst estimates of $327.00 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its position in 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 worth $154,422,000 after acquiring an additional 883,441 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 grew its holdings in shares of Seneca Foods by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 138,182 shares of the company’s stock worth $15,289,000 after purchasing an additional 516 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Seneca Foods by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,203 shares of the company’s stock worth $12,192,000 after purchasing an additional 12,409 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Seneca Foods by 31.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 61,222 shares of the company’s stock valued at $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.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Finally, Freedom Capital cut Seneca Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.