M&T Bank Corp Makes New $259,000 Investment in Seaboard Corporation (NYSEAMERICAN:SEB)

M&T Bank Corp acquired a new position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 96 shares of the company's stock, valued at approximately $259,000.

A number of other large investors have also recently made changes to their positions in the company. VELA Investment Management LLC lifted its holdings in Seaboard by 1.2% during the 1st quarter. VELA Investment Management LLC now owns 965 shares of the company's stock valued at $2,603,000 after buying an additional 11 shares in the last quarter. Bfsg LLC lifted its holdings in Seaboard by 8.5% during the 1st quarter. Bfsg LLC now owns 77 shares of the company's stock valued at $208,000 after buying an additional 6 shares in the last quarter. Wedmont Private Capital lifted its holdings in Seaboard by 59.1% during the 1st quarter. Wedmont Private Capital now owns 202 shares of the company's stock valued at $513,000 after buying an additional 75 shares in the last quarter. Rhumbline Advisers lifted its holdings in Seaboard by 1.3% during the 1st quarter. Rhumbline Advisers now owns 943 shares of the company's stock valued at $2,543,000 after buying an additional 12 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Seaboard by 38.0% during the 1st quarter. Parallel Advisors LLC now owns 98 shares of the company's stock valued at $264,000 after buying an additional 27 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Trading Down 0.6%

NYSEAMERICAN SEB opened at $3,062.57 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.52 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.97 billion, a PE ratio of 30.35 and a beta of 0.15. The company has a 50 day moving average price of $2,781.82 and a 200 day moving average price of $2,649.38. Seaboard Corporation has a 52 week low of $2,365.00 and a 52 week high of $3,300.00.

Seaboard announced that its Board of Directors has initiated a share buyback program on Wednesday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Seaboard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard's dividend payout ratio (DPR) is currently 9.93%.

About Seaboard

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.