American Century Companies Inc. Has $12.54 Million Stake in Seaboard Corporation $SEB

Key Points

• American Century Companies Inc. increased its stake in Seaboard Corporation by 1.8%, owning approximately $12.5 million worth of shares after purchasing an additional 84 shares.
• Seaboard's Board of Directors approved a $100 million share buyback plan, indicating confidence in the company's stock valuation.
• The company announced a $2.25 dividend, yielding 28.0%, with a dividend payout ratio of 9.93% as of its most recent payment on August 18th.

American Century Companies Inc. boosted its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,648 shares of the company's stock after purchasing an additional 84 shares during the period. American Century Companies Inc. owned about 0.48% of Seaboard worth $12,536,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Seaboard by 15.3% in the fourth quarter. Invesco Ltd. now owns 951 shares of the company's stock worth $2,311,000 after acquiring an additional 126 shares during the last quarter. Mariner LLC lifted its stake in Seaboard by 155.0% in the fourth quarter. Mariner LLC now owns 357 shares of the company's stock valued at $867,000 after buying an additional 217 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Seaboard by 335.3% in the fourth quarter. Marshall Wace LLP now owns 827 shares of the company's stock worth $2,009,000 after purchasing an additional 637 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Seaboard by 24.8% in the fourth quarter. Hsbc Holdings PLC now owns 635 shares of the company's stock worth $1,533,000 after purchasing an additional 126 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Seaboard during the fourth quarter worth $1,399,000. 22.57% of the stock is owned by institutional investors.

Seaboard Stock Performance

NYSEAMERICAN SEB traded up $43.41 on Friday, hitting $3,969.20. 1,762 shares of the stock were exchanged, compared to its average volume of 2,220. Seaboard Corporation has a 52 week low of $2,365.00 and a 52 week high of $4,038.54. The company has a market capitalization of $3.81 billion, a PE ratio of 27.70 and a beta of 0.19. The business's fifty day moving average is $3,256.78 and its 200 day moving average is $2,841.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 1.38.

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

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were paid a $2.25 dividend. The ex-dividend date was Friday, August 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard's dividend payout ratio is 9.93%.

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.