HB Wealth Management LLC Makes New $442,000 Investment in Seaboard Corporation (NYSEAMERICAN:SEB)

Key Points

• HB Wealth Management LLC has acquired a new stake in Seaboard Corporation by purchasing 164 shares valued at approximately $442,000.
• Seaboard announced a dividend of $2.25 to be paid on August 18th, with a significant yield of 28.0% and a low payout ratio of 9.93%.
• The company has authorized a stock repurchase plan allowing for the buyback of up to $100 million in shares, signaling management's belief that the stock is undervalued.

HB Wealth Management LLC acquired a new stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 164 shares of the company's stock, valued at approximately $442,000.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Seaboard by 1,000.0% in the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock valued at $27,000 after acquiring an additional 10 shares in the last quarter. Quarry LP bought a new position in Seaboard in the 4th quarter valued at about $29,000. Sterling Capital Management LLC lifted its position in Seaboard by 36.4% in the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock valued at $36,000 after acquiring an additional 4 shares in the last quarter. Deutsche Bank AG lifted its position in Seaboard by 37.0% in the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock valued at $90,000 after acquiring an additional 10 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in Seaboard in the 1st quarter valued at about $135,000. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Stock Performance

Shares of Seaboard stock traded up $120.92 during mid-day trading on Monday, hitting $3,289.50. 1,399 shares of the stock were exchanged, compared to its average volume of 2,091. Seaboard Corporation has a 12 month low of $2,365.00 and a 12 month high of $3,309.84. The company has a 50-day simple moving average of $2,905.10 and a 200 day simple moving average of $2,682.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.40. The company has a market capitalization of $3.16 billion, a P/E ratio of 22.95 and a beta of 0.19.

Seaboard Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be issued a $2.25 dividend. This represents a dividend yield of 28.0%. The ex-dividend date of this dividend is Friday, August 8th. Seaboard's payout ratio is 9.93%.

Seaboard declared that its board has approved a share repurchase plan on Wednesday, May 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.