Caxton Associates LLP Invests $351,000 in Seaboard Corporation $SEB

Key Points

• Caxton Associates LLP has acquired a new position in Seaboard Corporation, investing approximately $351,000 for 130 shares during the 1st quarter.
• The company has announced a $100 million share buyback program, indicating the board believes its shares are undervalued.
• Seaboard recently declared a quarterly dividend of $2.25, representing an annualized dividend yield of 0.2% with a payout ratio of 9.93%.

Caxton Associates LLP bought a new position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 130 shares of the company's stock, valued at approximately $351,000.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its position in shares of Seaboard by 37.0% in the fourth quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after buying an additional 10 shares in the last quarter. Covestor Ltd lifted its position in shares of Seaboard by 19.5% in the first quarter. Covestor Ltd now owns 49 shares of the company's stock worth $133,000 after buying an additional 8 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Seaboard in the first quarter worth about $135,000. CWM LLC increased its stake in Seaboard by 44.7% during the first quarter. CWM LLC now owns 55 shares of the company's stock worth $148,000 after acquiring an additional 17 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Seaboard by 257.1% during the fourth quarter. Lazard Asset Management LLC now owns 75 shares of the company's stock worth $182,000 after acquiring an additional 54 shares during the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Trading Down 0.4%

NYSEAMERICAN SEB traded down $17.00 during trading hours on Thursday, hitting $3,875.00. 949 shares of the company were exchanged, compared to its average volume of 1,949. The stock has a 50-day moving average price of $3,533.23 and a 200 day moving average price of $2,976.17. The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.20. Seaboard Corporation has a 52 week low of $2,365.00 and a 52 week high of $4,038.54. The stock has a market cap of $3.72 billion, a PE ratio of 27.04 and a beta of 0.21.

Seaboard announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 8th. Seaboard's payout ratio is presently 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.