Ieq Capital LLC Buys New Holdings in Seaboard Corporation $SEB

Key Points

• Ieq Capital LLC acquired 280 shares of Seaboard in the second quarter, valued at approximately $1.25 million. Other institutions, including BlackRock and Arrowstreet Capital, also increased or initiated positions, with institutional investors owning 22.57% of the company.
• Seaboard shares opened at $4,026.77, below their 50-day and 200-day moving averages, and have traded between $3,140.01 and $5,989.37 over the past year. The company reported quarterly revenue of $2.92 billion and earnings per share of $159.74.
• The company paid a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 0.2% yield, with a dividend payout ratio of 9.93%.

Ieq Capital LLC bought a new position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 280 shares of the company's stock, valued at approximately $1,250,000.

A number of other institutional investors have also recently bought and sold shares of SEB. BlackRock Inc. bought a new position in shares of Seaboard during the 2nd quarter worth about $106,318,000. Arrowstreet Capital Limited Partnership raised its position in Seaboard by 238.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock worth $69,725,000 after purchasing an additional 8,683 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Seaboard by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock worth $266,222,000 after purchasing an additional 2,017 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Seaboard during the second quarter worth about $8,695,000. Finally, Voloridge Investment Management LLC bought a new position in Seaboard during the fourth quarter worth about $6,725,000. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Price Performance

Shares of SEB stock opened at $4,026.77 on Thursday. The stock's fifty day simple moving average is $4,486.13 and its 200 day simple moving average is $4,975.48. Seaboard Corporation has a one year low of $3,140.01 and a one year high of $5,989.37. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 6.08 and a beta of 0.24. 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 data 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 during the quarter.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were issued 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 14th. Seaboard's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding SEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seaboard Corporation (NYSEAMERICAN:SEB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source