Deutsche Bank AG Takes $1.28 Million Position in Seaboard Corporation $SEB

Key Points

• Deutsche Bank AG acquired 286 Seaboard shares worth approximately $1.28 million in the second quarter. Other institutions also increased their holdings, with institutional investors collectively owning 22.57% of the company.
• Seaboard shares opened at $3,913.21, down 0.9%, well below their 50-day and 200-day moving averages. The stock has a market capitalization of $3.76 billion and a price-to-earnings ratio of 5.91.
• The company reported quarterly revenue of $2.92 billion and earnings per share of $159.74, while paying a quarterly dividend of $2.25 per share, equivalent to a $9.00 annualized payout and a 0.2% yield.

Deutsche Bank AG bought a new stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 286 shares of the company's stock, valued at approximately $1,277,000.

A number of other hedge funds also recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Seaboard by 28.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company's stock valued at $2,352,000 after purchasing an additional 193 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Seaboard by 97.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 465 shares of the company's stock worth $1,330,000 after acquiring an additional 229 shares in the last quarter. Legal & General Group Plc increased its stake in Seaboard by 5.3% in the second quarter. Legal & General Group Plc now owns 376 shares of the company's stock valued at $1,076,000 after acquiring an additional 19 shares during the last quarter. M&T Bank Corp raised its position in Seaboard by 3.1% during the second quarter. M&T Bank Corp now owns 99 shares of the company's stock valued at $284,000 after purchasing an additional 3 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Seaboard by 15.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,229 shares of the company's stock worth $3,516,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Down 0.9%

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

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. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The company had revenue of $2.92 billion for the quarter.

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 of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard's payout ratio is presently 9.93%.

About Seaboard

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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