Corient Private Wealth LP Takes Position in Seaboard Corporation $SEB

Key Points

• Corient Private Wealth LP initiated a Seaboard Corporation position in the second quarter, buying 538 shares valued at approximately $2.4 million. Institutional investors and hedge funds collectively own 22.57% of the company.
• Seaboard shares rose 3.4% to $4,262.49, giving the company a market capitalization of about $4.09 billion. The stock trades at a price-to-earnings ratio of 6.44 and remains below its 12-month high of $5,989.37.
• Seaboard reported quarterly earnings of $159.74 per share on $2.92 billion in revenue, with a 6.17% net margin and 12.03% return on equity. The company also paid a quarterly dividend of $2.25 per share, equivalent to a $9.00 annualized payout and a 0.2% yield.

Corient Private Wealth LP purchased a new stake in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 538 shares of the company's stock, valued at approximately $2,402,000. Corient Private Wealth LP owned 0.06% of Seaboard at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV acquired a new position in Seaboard in the 1st quarter valued at $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company's stock worth $37,000 after purchasing an additional 8 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock worth $53,000 after purchasing an additional 3 shares during the period. Empowered Funds LLC bought a new position in shares of Seaboard in the fourth quarter worth $58,000. Finally, Fifth Third Bancorp acquired a new position in Seaboard in the first quarter valued at about $62,000. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Trading Up 3.4%

Shares of Seaboard stock opened at $4,262.49 on Thursday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 6.44 and a beta of 0.22. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. Seaboard Corporation has a 12-month low of $3,140.01 and a 12-month high of $5,989.37. The firm's 50-day moving average price is $4,407.23 and its two-hundred day moving average price is $4,923.44.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $159.74 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 Dividend Announcement

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