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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Seneca Foods Corporation
Type
Public
Traded as NASDAQ: SENEA
NASDAQ: SENEB
S&P 600 Component
Russell 2000 Component
Industry Canned foods, snacks, air charter
Founded 1949
Headquarters Marion, New York, USA
Key people
Arthur S. Wolcott, Chairman
Kraig H. Kayser, President and CEO
Products Canned and frozen fruits and vegetables, snacks
Revenue Increase$1.28 billion US (2009)
Operating income
Increase$48 million US (2009)
Net income
Increase$19 million US (2009)
Number of employees
3,200 full-time, 9,700 seasonal (2009)
Website SenecaFoods.com

Seneca Foods Corporation is an American food processor and distributor headquartered in Marion, New York, USA. The company primarily produces canned, frozen, and bottled produce under private label as well as national and regional brands that the company owns or licenses. Under an agreement with General Mills, the company produces products under the Green Giant and Le Sueur labels. The company also produces frozen vegetables, fruit and chip products, and steel cans, and runs an air charter business.

The company was founded in 1949 in Dundee, New York, by Cornell University business student Arthur S. Wolcott. In the 1950s, Seneca contracted with Minute Maid to co-pack the first frozen grape juice in the nation. Apple processing, specialty syrups, and maraschino cherries were added to the product line. The development of private label, bulk, industrial and co–pack segments also took place during this time. Fruit processing remained the primary focus for the next several decades.

During the 1960s, the company expanded with new plants and products, including the nation's first frozen apple juice concentrate, under the Seneca brand. The corporate name was changed from Seneca Grape Juice Company to Seneca Foods Corporation. During this time frame, the Prosser, Washington plant was opened for the production of applesauce and fruit juices, and the company added brokers and expanded distribution. Seneca stock began trading in the over-the-counter market, and Vitamin C enriched apple juice was introduced – a first in the industry.

The company grew in the 1970s through acquisitions of companies in the food distribution, canned vegetable, glass, paint and textile businesses. Through one of these acquisitions, Julius G. Kayser joined Seneca and played a key role in the company's growth until his death in 1988. The corporate name was changed to S.S. Pierce Company, and production of metal cans began.

During the 1980s, the corporate name changed back to Seneca Foods Corporation, and the company consolidated most of its non-food operations and focused on its fruit and vegetable lines. The company produced the first natural frozen grape juice and expanded the juice line into white grape, cranberry, and cranberry blends. The company entered the private label retail and food service vegetable business in the Midwest, and began producing IQF frozen vegetables for the food service and industrial markets.

In the 1990s, through further acquisitions and internal growth, Seneca became the world's largest processor of canned vegetables. The company acquired six plants from Pillsbury and entered into an alliance with them to manufacture products under the Green Giant label. At the end of the decade, the company sold its juice and applesauce operations and raised capital with a shareholder rights offering. It expanded to global markets, and purchased an apple chip business. Seneca Flight Operations also became the fixed based operator at the Penn Yan, New York, Airport, and a hangar complex was constructed.

Tapetex

Current members of the board of directors of Seneca are: Arthur S. Wolcott, Kraig H. Kayser, Arthur H. Baer, Andrew M. Boas, Robert T. Brady, Douglas F. Brush, G. Brymer Humphreys, Thomas Paulson, and Susan W. Stuart.

Investment goal date:
Dividends reinvested
Seneca Foods Corporation SENEA report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q2 2017
2017-10-26
0.0000
-0.1100
Q1 2017
2017-07-31
0.0000
-0.0900
Q4 2016
2017-05-25
0.0000
-0.1700
Q3 2016
2017-01-25
0.0000
0.8200
Q2 2016
2016-11-07
0.0000
0.6200
Q1 2016
2016-07-29
0.0000
-0.0100
Q4 2015
2016-06-08
0.0000
1.3800
Q3 2015
2016-02-02
0.0000
3.1000
Q2 2015
2015-11-02
0.0000
0.6500
Q1 2015
2015-07-31
0.0000
0.2900
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
90179
BlackRock Fund Advisors
542827
BlackRock Inc.
886093
BlackRock Institutional Trust Company, N.A.
241397
CREDIT SUISSE AG/
123149
DIMENSIONAL FUND ADVISORS LP
582804
FRANKLIN RESOURCES INC
276500
GUGGENHEIM CAPITAL LLC
105355
Invesco Ltd.
103846
KENNEDY CAPITAL MANAGEMENT, INC.
100821
LSV ASSET MANAGEMENT
282097
RENAISSANCE TECHNOLOGIES LLC
82900
ROYCE & ASSOCIATES LLC
260652
STATE STREET CORP
207760
Vanguard Group, Inc
415990
Major Shareholders
Name Relationship
Total Shares
Holding stocks
MANULIFE FINANCIAL CORP
10.9100% (952807)
SENEA /
GAYLORD JOHN P
0.0100% (1000)
SENEA /
PAULSON THOMAS
0.0100% (1250)
SENEA / TNC /
CALL PETE
0.0300% (2530)
SENEA /
KAYSER KRAIG H
1.0500% (91400)
SENEA /
PARAS PHILIP G
0.0100% (1000)
SENEA /
VAN RIPER JEFFREY L
0.0300% (2211)
SENEA /
BAER ARTHUR H
0.0200% (2000)
SENEA /
Exner John David
0.0500% (4720)
SENEA /
Palmby Paul Laurence
0.2200% (18880)
SENEA /
Cichetti Carl Anthony
0.0500% (4294)
SENEA /
Fohrd Cynthia Lynn
0.0500% (4720)
SENEA /
Breunig Roland Ewald
0.0300% (2636)
SENEA /
% ()