KLP Kapitalforvaltning AS Acquires 112 Shares of Seaboard Corporation $SEB

Key Points

• KLP Kapitalforvaltning AS increased its stake in Seaboard Corporation by 47.3%, acquiring an additional 112 shares, bringing their total holdings to 349 shares worth approximately $999,000.
• Seaboard recently announced a quarterly dividend of $2.25, with a payout ratio of 9.93% and an annualized dividend yield of 0.3%.
• The company operates in multiple sectors including Pork, Marine, and Commodity Trading, highlighting its diverse business model within the agricultural and ocean transportation markets.

KLP Kapitalforvaltning AS raised its holdings in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 47.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 349 shares of the company's stock after purchasing an additional 112 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Seaboard were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Covestor Ltd raised its holdings in shares of Seaboard by 19.5% in the first quarter. Covestor Ltd now owns 49 shares of the company's stock valued at $133,000 after acquiring an additional 8 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Seaboard in the first quarter valued at about $135,000. CWM LLC raised its holdings in shares of Seaboard by 44.7% in the first quarter. CWM LLC now owns 55 shares of the company's stock valued at $148,000 after acquiring an additional 17 shares in the last quarter. Bfsg LLC raised its holdings in shares of Seaboard by 8.5% in the first quarter. Bfsg LLC now owns 77 shares of the company's stock valued at $208,000 after acquiring an additional 6 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Seaboard by 116.7% in the first quarter. US Bancorp DE now owns 91 shares of the company's stock valued at $245,000 after acquiring an additional 49 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Performance

SEB stock opened at $3,444.98 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 1.38. The business has a 50-day moving average price of $3,687.13 and a 200 day moving average price of $3,087.69. The company has a market capitalization of $3.31 billion, a P/E ratio of 24.04 and a beta of 0.22. Seaboard Corporation has a 1-year low of $2,365.00 and a 1-year high of $4,038.54.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, August 8th. Seaboard's payout ratio is presently 9.93%.

Seaboard Company Profile

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.

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