Hennessy Advisors Inc. Purchases Shares of 1,800 Seaboard Corporation $SEB

Key Points

• Hennessy Advisors acquired 1,800 Seaboard shares worth approximately $8.04 million in the second quarter, representing 0.19% of the company. Institutional investors and hedge funds collectively own 22.57% of Seaboard.
• Seaboard shares opened at $3,913.21, down 0.9%, and remain 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.
• Seaboard reported quarterly earnings of $159.74 per share on $2.92 billion in revenue, while maintaining a quarterly dividend of $2.25 per share, or $9.00 annualized, for a 0.2% yield.

Hennessy Advisors Inc. acquired a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,800 shares of the company's stock, valued at approximately $8,036,000. Hennessy Advisors Inc. owned 0.19% of Seaboard at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Abel Hall LLC lifted its stake in shares of Seaboard by 3.0% during the 1st quarter. Abel Hall LLC now owns 69 shares of the company's stock worth $390,000 after buying an additional 2 shares during the last quarter. Parallel Advisors LLC raised its holdings in Seaboard by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 124 shares of the company's stock valued at $701,000 after acquiring an additional 2 shares during the period. NewEdge Advisors LLC lifted its position in Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company's stock worth $283,000 after acquiring an additional 2 shares during the last quarter. Wells Fargo & Company MN lifted its position in Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock worth $53,000 after acquiring an additional 3 shares during the last quarter. Finally, M&T Bank Corp lifted its position in Seaboard by 3.1% during the second quarter. M&T Bank Corp now owns 99 shares of the company's stock worth $284,000 after acquiring an additional 3 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Trading Down 0.9%

Shares of NYSEAMERICAN:SEB opened at $3,913.21 on Friday. Seaboard Corporation has a 12-month low of $3,140.01 and a 12-month high of $5,989.37. The business has a 50 day moving average of $4,451.59 and a 200-day moving average of $4,957.67. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.76 billion, a PE ratio of 5.91 and a beta of 0.24.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. The company had revenue of $2.92 billion for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were given 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 (DPR) 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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