Bank of New York Mellon Corp Sells 120 Shares of Seaboard Corporation (NYSEAMERICAN:SEB)

Bank of New York Mellon Corp lessened its holdings in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,877 shares of the company's stock after selling 120 shares during the period. Bank of New York Mellon Corp owned 0.19% of Seaboard worth $5,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Seaboard by 67,325.0% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the company's stock worth $7,274,000 after purchasing an additional 2,693 shares during the period. Two Sigma Advisers LP increased its stake in shares of Seaboard by 70.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,315 shares of the company's stock worth $12,914,000 after purchasing an additional 2,200 shares during the period. Millennium Management LLC increased its stake in shares of Seaboard by 201.4% in the fourth quarter. Millennium Management LLC now owns 2,933 shares of the company's stock worth $7,126,000 after purchasing an additional 1,960 shares during the period. Barclays PLC increased its holdings in shares of Seaboard by 48.6% during the 4th quarter. Barclays PLC now owns 2,795 shares of the company's stock worth $6,791,000 after purchasing an additional 914 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Seaboard by 175.3% during the 4th quarter. Jane Street Group LLC now owns 1,203 shares of the company's stock worth $2,923,000 after purchasing an additional 766 shares during the period. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Stock Performance

Shares of NYSEAMERICAN:SEB traded down $0.78 on Monday, hitting $3,127.33. 1,035 shares of the company were exchanged, compared to its average volume of 1,794. The company's 50 day moving average price is $2,852.13 and its two-hundred day moving average price is $2,667.32. Seaboard Corporation has a one year low of $2,365.00 and a one year high of $3,300.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.46 and a current ratio of 2.52. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.99 and a beta of 0.15.

Seaboard announced that its board has authorized a share 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 buy up to 4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.