Algert Global LLC bought a new position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 470 shares of the company's stock, valued at approximately $1,268,000.
A number of other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in Seaboard in the fourth quarter valued at about $29,000. Sterling Capital Management LLC raised its stake in shares of Seaboard by 36.4% in the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock valued at $36,000 after acquiring an additional 4 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Seaboard by 37.0% in the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd grew its position in Seaboard by 19.5% during the 1st quarter. Covestor Ltd now owns 49 shares of the company's stock worth $133,000 after acquiring an additional 8 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Seaboard during the 1st quarter worth approximately $135,000. Institutional investors and hedge funds own 22.57% of the company's stock.
Seaboard Price Performance
Shares of Seaboard stock traded up $33.28 during trading on Thursday, reaching $3,808.28. The company's stock had a trading volume of 401 shares, compared to its average volume of 2,092. The stock has a 50-day moving average price of $3,211.26 and a two-hundred day moving average price of $2,822.01. The stock has a market capitalization of $3.66 billion, a P/E ratio of 26.57 and a beta of 0.19. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20. Seaboard Corporation has a one year low of $2,365.00 and a one year high of $3,814.14.
Seaboard announced that its Board of Directors has approved a share repurchase program on Wednesday, May 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Seaboard Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 8th. Seaboard's dividend payout ratio is currently 9.93%.
About Seaboard
(
Free Report)
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.
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