BlackRock Inc. Invests $106.32 Million in Seaboard Corporation $SEB

Key Points

• BlackRock acquired a new 23,815-share stake in Seaboard Corporation valued at approximately $106.32 million, representing about 2.48% of the company.
• Seaboard reported quarterly EPS of $159.74 on $2.92 billion in revenue, with a 6.17% net margin and 12.03% return on equity. The stock opened at $3,913.21, below its 52-week high of $5,989.37.
• The company paid a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 0.2% yield; institutional investors collectively own 22.57% of Seaboard.

BlackRock Inc. bought a new stake in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,815 shares of the company's stock, valued at approximately $106,318,000. BlackRock Inc. owned about 2.48% of Seaboard at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. KBC Group NV bought a new stake in Seaboard during the first quarter worth $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company's stock worth $37,000 after buying an additional 8 shares during the last quarter. Wells Fargo & Company MN grew its position in Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock valued at $53,000 after buying an additional 3 shares during the period. Empowered Funds LLC bought a new position in Seaboard during the fourth quarter valued at about $58,000. Finally, Fifth Third Bancorp purchased a new stake in Seaboard during the first quarter worth about $62,000. 22.57% of the stock is owned by institutional investors.

Seaboard Stock Performance

NYSEAMERICAN SEB opened at $3,913.21 on Friday. The company has a market capitalization of $3.76 billion, a PE ratio of 5.91 and a beta of 0.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. Seaboard Corporation has a 52-week low of $3,140.01 and a 52-week high of $5,989.37. The company has a 50-day simple moving average of $4,451.59 and a 200 day simple moving average of $4,957.67.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.17% and a return on equity of 12.03%.

Seaboard Announces Dividend

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

Seaboard Company 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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