Caxton Associates LLP bought a new stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 130 shares of the company's stock, valued at approximately $351,000.
Several other institutional investors have also made changes to their positions in SEB. Deutsche Bank AG boosted its position in shares of Seaboard by 37.0% during the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock valued at $90,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd lifted its position in shares of Seaboard by 19.5% during the 1st quarter. Covestor Ltd now owns 49 shares of the company's stock worth $133,000 after buying an additional 8 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Seaboard during the 1st quarter worth approximately $135,000. CWM LLC lifted its position in shares of Seaboard by 44.7% during the 1st quarter. CWM LLC now owns 55 shares of the company's stock worth $148,000 after buying an additional 17 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of Seaboard by 257.1% during the 4th quarter. Lazard Asset Management LLC now owns 75 shares of the company's stock worth $182,000 after buying an additional 54 shares during the period. 22.57% of the stock is currently owned by institutional investors and hedge funds.
Seaboard Stock Down 0.0%
SEB opened at $3,942.79 on Friday. The firm's 50-day simple moving average is $3,462.10 and its 200-day simple moving average is $2,947.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.40. Seaboard Corporation has a twelve month low of $2,365.00 and a twelve month high of $4,038.54. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 27.51 and a beta of 0.21.
Seaboard announced that its board has approved a share buyback program on Wednesday, May 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.
Seaboard Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were issued a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard's dividend payout ratio is presently 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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