5,389 Shares in Seaboard Corporation $SEB Acquired by Kahn Brothers Group Inc.

Key Points

• Kahn Brothers Group acquired 5,389 Seaboard shares worth approximately $24.1 million, giving it a 0.56% stake and making Seaboard its 22nd-largest portfolio holding.
• Several institutional investors also increased their positions, while institutional and hedge-fund ownership stood at 22.57% of Seaboard’s outstanding stock.
• Seaboard shares opened at $3,949.85, down 1.9%, with the company reporting quarterly EPS of $159.74 on $2.92 billion in revenue. It paid a quarterly dividend of $2.25 per share, equivalent to a $9.00 annualized dividend and a 0.2% yield.

Kahn Brothers Group Inc. bought a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,389 shares of the company's stock, valued at approximately $24,058,000. Seaboard comprises about 0.0% of Kahn Brothers Group Inc.'s portfolio, making the stock its 22nd biggest holding. Kahn Brothers Group Inc. owned 0.56% of Seaboard at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Seaboard by 28.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company's stock worth $2,352,000 after purchasing an additional 193 shares during the last quarter. JPMorgan Chase & Co. raised its position in Seaboard by 97.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 465 shares of the company's stock worth $1,330,000 after purchasing an additional 229 shares during the last quarter. Legal & General Group Plc lifted its holdings in Seaboard by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 376 shares of the company's stock worth $1,076,000 after buying an additional 19 shares during the period. M&T Bank Corp lifted its holdings in Seaboard by 3.1% during the 2nd quarter. M&T Bank Corp now owns 99 shares of the company's stock worth $284,000 after buying an additional 3 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Seaboard by 15.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,229 shares of the company's stock valued at $3,516,000 after buying an additional 167 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Trading Down 1.9%

NYSEAMERICAN SEB opened at $3,949.85 on Friday. The firm has a market capitalization of $3.79 billion, a PE ratio of 5.97 and a beta of 0.24. The business's 50-day moving average price is $4,469.22 and its two-hundred day moving average price is $4,965.03. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. Seaboard Corporation has a 12 month low of $3,140.01 and a 12 month high of $5,989.37.

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

Seaboard Dividend Announcement

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

Seaboard 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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