Grantham Mayo Van Otterloo & Co. LLC Boosts Stock Holdings in Seneca Foods Co. (NASDAQ:SENEA)

Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Seneca Foods Co. (NASDAQ:SENEA) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,844 shares of the company’s stock after acquiring an additional 300 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.09% of Seneca Foods worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dorsey Wright & Associates purchased a new position in shares of Seneca Foods during the fourth quarter valued at approximately $27,000. Van ECK Associates Corp purchased a new position in shares of Seneca Foods during the fourth quarter valued at approximately $32,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Seneca Foods during the third quarter valued at approximately $116,000. SG Americas Securities LLC purchased a new position in shares of Seneca Foods during the first quarter valued at approximately $137,000. Finally, UBS Group AG lifted its holdings in shares of Seneca Foods by 57.1% during the third quarter. UBS Group AG now owns 2,913 shares of the company’s stock valued at $146,000 after purchasing an additional 1,059 shares during the last quarter. 48.51% of the stock is owned by institutional investors.

Seneca Foods Trading Down 1.9 %

Shares of Seneca Foods stock opened at $46.33 on Thursday. The company’s fifty day simple moving average is $41.31 and its 200-day simple moving average is $46.73. The stock has a market capitalization of $351.64 million, a PE ratio of 7.04 and a beta of 0.54. Seneca Foods Co. has a 1-year low of $32.50 and a 1-year high of $68.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.19 and a quick ratio of 0.51.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $2.84 earnings per share for the quarter. The business had revenue of $298.66 million for the quarter. Seneca Foods had a net margin of 3.32% and a return on equity of 18.96%.

Insider Activity at Seneca Foods

In other news, Director Pete Call bought 1,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $49.37 per share, for a total transaction of $49,370.00. Following the purchase, the director now owns 3,567 shares in the company, valued at $176,102.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SENEA has been the subject of several analyst reports. TheStreet downgraded shares of Seneca Foods from a “b” rating to a “c” rating in a research report on Wednesday, June 14th. StockNews.com raised shares of Seneca Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.

Seneca Foods Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.