Man Group plc boosted its position in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 136.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,166 shares of the company's stock after buying an additional 673 shares during the period. Man Group plc owned 0.12% of Seaboard worth $2,833,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Seaboard by 1,000.0% in the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock valued at $27,000 after buying an additional 10 shares during the period. Quarry LP acquired a new position in Seaboard during the 4th quarter worth approximately $29,000. Sterling Capital Management LLC raised its stake in shares of Seaboard by 36.4% during the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock worth $36,000 after buying an additional 4 shares in the last quarter. Deutsche Bank AG grew its holdings in Seaboard by 37.0% during the fourth quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after acquiring an additional 10 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Seaboard in the fourth quarter valued at $102,000. 22.57% of the stock is owned by institutional investors and hedge funds.
Seaboard Price Performance
Seaboard stock traded up $25.60 during trading hours on Wednesday, hitting $2,669.85. The stock had a trading volume of 204 shares, compared to its average volume of 2,369. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 29.46 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. Seaboard Co. has a 1-year low of $2,365.00 and a 1-year high of $3,372.12. The stock's fifty day moving average is $2,580.31 and its two-hundred day moving average is $2,671.38.
Seaboard announced that its board has initiated a stock repurchase program on Wednesday, May 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
Seaboard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $9.00 annualized dividend and a yield of 0.34%. Seaboard's dividend payout ratio (DPR) is presently 9.93%.
Seaboard Profile
(
Free Report)
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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