Seneca Foods Co. (NASDAQ:SENEA) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Seneca Foods Co. (NASDAQ:SENEA) by 92.2% during the 3rd quarter, Holdings Channel reports. The fund owned 20,390 shares of the company’s stock after acquiring an additional 9,783 shares during the quarter. JPMorgan Chase & Co.’s holdings in Seneca Foods were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Seneca Foods during the third quarter worth about $118,000. Wilmington Savings Fund Society FSB bought a new position in shares of Seneca Foods during the 3rd quarter valued at about $156,000. Rockbridge Investment Management LCC acquired a new position in shares of Seneca Foods in the 3rd quarter worth approximately $220,000. Bleakley Financial Group LLC bought a new stake in shares of Seneca Foods in the 3rd quarter worth approximately $226,000. Finally, Clifford Capital Partners LLC acquired a new stake in Seneca Foods during the second quarter valued at approximately $243,000. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Price Performance

Shares of NASDAQ:SENEA opened at $74.41 on Friday. The company has a market capitalization of $512.68 million, a PE ratio of 12.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 2.64. The stock has a fifty day moving average of $74.71 and a 200-day moving average of $66.21. Seneca Foods Co. has a one year low of $43.89 and a one year high of $81.39.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $3.52 earnings per share (EPS) for the quarter. The business had revenue of $425.47 million for the quarter. Seneca Foods had a net margin of 2.79% and a return on equity of 10.43%.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred 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.