330 Seaboard Corporation $SEB Shares Purchased by Private Management Group Inc.

Key Points

• Private Management Group increased its Seaboard stake by 5.2%, buying 330 shares in the third quarter to hold 6,700 shares, valued at about $26.5 million.
• Other hedge funds also adjusted or added to their positions; institutional investors collectively owned 22.57% of Seaboard’s stock.
• Seaboard reported quarterly earnings of $29.23 per share on $2.77 billion in revenue and announced a quarterly dividend of $2.25 per share, equivalent to a 0.2% yield.

Private Management Group Inc. raised its position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,700 shares of the company's stock after purchasing an additional 330 shares during the period. Private Management Group Inc. owned about 0.70% of Seaboard worth $26,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SEB. Fulcrum Asset Management LLP increased its position in Seaboard by 360.9% during the third quarter. Fulcrum Asset Management LLP now owns 212 shares of the company's stock worth $860,000 after buying an additional 166 shares in the last quarter. Covestor Ltd raised its holdings in shares of Seaboard by 21.1% in the third quarter. Covestor Ltd now owns 23 shares of the company's stock worth $94,000 after acquiring an additional 4 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new stake in shares of Seaboard in the third quarter valued at $36,000. Signaturefd LLC lifted its position in shares of Seaboard by 12.3% in the third quarter. Signaturefd LLC now owns 128 shares of the company's stock valued at $505,000 after acquiring an additional 14 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Seaboard by 66.7% in the third quarter. Nisa Investment Advisors LLC now owns 10 shares of the company's stock valued at $39,000 after acquiring an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Trading Up 7.2%

Seaboard stock opened at $3,783.74 on Tuesday. The stock has a market cap of $3.63 billion, a PE ratio of 6.55 and a beta of 0.25. The stock has a 50-day moving average price of $3,993.87 and a 200 day moving average price of $4,723.54. Seaboard Corporation has a 52 week low of $3,309.11 and a 52 week high of $5,989.37. The company has a current ratio of 2.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $29.23 EPS for the quarter. The firm had revenue of $2.77 billion during the quarter. Seaboard had a return on equity of 10.22% and a net margin of 5.27%.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 13th will be issued a dividend of $2.25 per share. The ex-dividend date is Friday, November 13th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard's payout ratio is presently 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company. Its businesses include Seaboard Foods, which raises hogs and produces and sells pork products, and commodity trading and milling operations that handle grains, feed ingredients and related products.

The company also operates Seaboard Marine, a cargo shipping business serving routes between the United States, the Caribbean and Central and South America. Other activities include sugar production, power generation and energy businesses.

Seaboard's operations span the United States and several international markets, including parts of Africa, the Caribbean and South America.

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