Millennium Management LLC Has $7.13 Million Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Millennium Management LLC boosted its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 201.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,933 shares of the company's stock after buying an additional 1,960 shares during the period. Millennium Management LLC owned approximately 0.30% of Seaboard worth $7,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Seaboard by 1,000.0% in the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock worth $27,000 after purchasing an additional 10 shares during the last quarter. Quarry LP acquired a new position in Seaboard in the 4th quarter worth about $29,000. Sterling Capital Management LLC increased its position in Seaboard by 36.4% in the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock worth $36,000 after purchasing an additional 4 shares during the last quarter. Deutsche Bank AG increased its position in Seaboard by 37.0% in the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after purchasing an additional 10 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Seaboard during the 4th quarter valued at about $102,000. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Stock Up 0.8%

Shares of NYSEAMERICAN SEB traded up $20.52 during mid-day trading on Friday, reaching $2,724.98. 3,094 shares of the company traded hands, compared to its average volume of 2,379. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50. The stock has a market cap of $2.64 billion, a PE ratio of 30.07 and a beta of 0.36. The company's fifty day moving average is $2,581.34 and its two-hundred day moving average is $2,668.83. Seaboard Co. has a fifty-two week low of $2,365.00 and a fifty-two week high of $3,361.12.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 8th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard's dividend payout ratio is 9.93%.

Seaboard declared that its Board of Directors has approved a share buyback plan on Wednesday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Seaboard 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.