1,039 Shares in Seaboard Corporation $SEB Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1,039 Seaboard shares during the second quarter, valued at approximately $4.64 million and representing about 0.11% of the company.
• Other institutional investors also increased or initiated positions, bringing total hedge fund and institutional ownership to 22.57% of Seaboard.
• Seaboard reported quarterly revenue of $2.92 billion and EPS of $159.74, while its shares opened at $4,110.76. The company also declared a quarterly dividend of $2.25 per share, equivalent to a 0.2% annualized yield.

Bank of America Corp DE bought a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,039 shares of the company's stock, valued at approximately $4,638,000. Bank of America Corp DE owned approximately 0.11% of Seaboard as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Seaboard by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock worth $266,222,000 after buying an additional 2,017 shares during the period. BlackRock Inc. purchased a new position in Seaboard during the 2nd quarter worth $106,318,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Seaboard by 238.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock worth $69,725,000 after acquiring an additional 8,683 shares during the period. Wallace Capital Management Inc. acquired a new stake in shares of Seaboard in the 2nd quarter worth $30,675,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Seaboard in the second quarter valued at about $8,695,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Up 3.6%

Shares of NYSEAMERICAN:SEB opened at $4,110.76 on Tuesday. Seaboard Corporation has a fifty-two week low of $3,140.01 and a fifty-two week high of $5,989.37. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The firm's 50-day simple moving average is $4,286.77 and its 200-day simple moving average is $4,820.42. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 6.21 and a beta of 0.22.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The company had revenue of $2.92 billion for the quarter.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, August 14th. Seaboard's dividend payout ratio (DPR) is currently 9.93%.

About Seaboard

Seaboard Corporation is a diversified international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard's pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.