366 Shares in Seaboard Corporation $SEB Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC initiated a Seaboard position by purchasing 366 shares valued at approximately $1.66 million. Institutional investors and hedge funds collectively own 22.57% of the company.
• Seaboard reported quarterly earnings of $159.74 per share on $2.92 billion in revenue, with a 12.03% return on equity and a 6.17% net margin.
• Shares opened at $3,913.21, below their 52-week high of $5,989.37. The company paid a quarterly dividend of $2.25, equivalent to $9.00 annually and a 0.2% yield.

Hsbc Holdings PLC bought a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 366 shares of the company's stock, valued at approximately $1,663,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SEB. Dimensional Fund Advisors LP boosted its stake in shares of Seaboard by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock worth $266,222,000 after acquiring an additional 2,017 shares in the last quarter. Vanguard Group Inc. raised its position in Seaboard by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 27,267 shares of the company's stock worth $121,197,000 after acquiring an additional 434 shares during the last quarter. BlackRock Inc. acquired a new position in Seaboard during the second quarter worth about $106,318,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Seaboard by 238.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock valued at $69,725,000 after purchasing an additional 8,683 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Seaboard by 11.7% in the fourth quarter. AQR Capital Management LLC now owns 4,793 shares of the company's stock valued at $21,302,000 after purchasing an additional 501 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Stock Performance

Shares of SEB opened at $3,913.21 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.33. Seaboard Corporation has a 1-year low of $3,140.01 and a 1-year high of $5,989.37. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 5.91 and a beta of 0.24. The firm has a 50 day simple moving average of $4,451.59 and a 200-day simple moving average of $4,953.90.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share 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 during the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were paid a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard's payout ratio is presently 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company's principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard's integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.

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