Bank of New York Mellon Corp Invests $8.70 Million in Seaboard Corporation $SEB

Key Points

• Bank of New York Mellon acquired 1,948 Seaboard shares worth approximately $8.70 million, representing about 0.20% of the company. Institutional investors collectively own 22.57% of Seaboard.
• Seaboard shares recently traded at $4,262.49, up 3.4%, with a market capitalization of roughly $4.09 billion and a price-to-earnings ratio of 6.44.
• The company reported quarterly revenue of $2.92 billion and earnings of $159.74 per share, and paid a quarterly dividend of $2.25 per share, equivalent to a $9.00 annualized dividend and a 0.2% yield.

Bank of New York Mellon Corp bought a new position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,948 shares of the company's stock, valued at approximately $8,695,000. Bank of New York Mellon Corp owned about 0.20% of Seaboard as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Seaboard by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock valued at $266,222,000 after purchasing an additional 2,017 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Seaboard by 238.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock worth $69,725,000 after purchasing an additional 8,683 shares during the period. Quantinno Capital Management LP grew its holdings in Seaboard by 200.9% during the first quarter. Quantinno Capital Management LP now owns 683 shares of the company's stock valued at $3,862,000 after purchasing an additional 456 shares during the period. Corient Private Wealth LLC increased its position in Seaboard by 108.2% in the fourth quarter. Corient Private Wealth LLC now owns 1,045 shares of the company's stock worth $4,645,000 after buying an additional 543 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new stake in Seaboard in the first quarter worth about $4,071,000. Institutional investors own 22.57% of the company's stock.

Seaboard Trading Up 3.4%

Shares of NYSEAMERICAN:SEB opened at $4,262.49 on Thursday. The stock has a 50 day moving average of $4,407.23 and a 200 day moving average of $4,923.44. The company has a market cap of $4.09 billion, a PE ratio of 6.44 and a beta of 0.22. Seaboard Corporation has a 12-month low of $3,140.01 and a 12-month high of $5,989.37. 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 (NYSEAMERICAN:SEB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. The business had revenue of $2.92 billion during the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors 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 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard's dividend payout ratio is currently 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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