Legal & General Group Plc Takes Position in Seaboard Corporation $SEB

Key Points

• Legal & General Group Plc initiated a position in Seaboard Corporation during the second quarter, purchasing 313 shares valued at approximately $1.4 million. Institutional investors collectively own 22.57% of Seaboard.
• Seaboard reported quarterly revenue of $2.92 billion and earnings of $159.74 per share, with a 6.17% net margin and 12.03% return on equity.
• The company declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 0.2% yield; shares opened at $4,323.58, below their 52-week high of $5,989.37.

Legal & General Group Plc bought a new position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 313 shares of the company's stock, valued at approximately $1,397,000.

Several other large investors have also recently modified their holdings of SEB. KBC Group NV purchased a new position in Seaboard during the first quarter worth $34,000. Fifth Third Bancorp purchased a new stake in shares of Seaboard in the first quarter valued at $62,000. Wells Fargo & Company MN raised its stake in shares of Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock valued at $53,000 after acquiring an additional 3 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company's stock worth $37,000 after acquiring an additional 8 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Seaboard in the 4th quarter worth about $58,000. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Performance

Shares of NYSEAMERICAN:SEB opened at $4,323.58 on Monday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 6.53 and a beta of 0.22. 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 is $4,390.16 and its 200 day moving average is $4,908.46. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

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

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 14th. Seaboard's dividend payout ratio is presently 9.93%.

Seaboard 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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