M&T Bank Corp Purchases Shares of 96 Seaboard Corporation (NYSEAMERICAN:SEB)

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

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Seaboard by 67,325.0% during the first quarter. GAMMA Investing LLC now owns 2,697 shares of the company's stock valued at $7,274,000 after buying an additional 2,693 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Seaboard by 70.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,315 shares of the company's stock valued at $12,914,000 after buying an additional 2,200 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Seaboard by 201.4% during the fourth quarter. Millennium Management LLC now owns 2,933 shares of the company's stock valued at $7,126,000 after buying an additional 1,960 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Seaboard by 46.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company's stock valued at $14,092,000 after buying an additional 1,838 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Seaboard by 48.6% during the fourth quarter. Barclays PLC now owns 2,795 shares of the company's stock valued at $6,791,000 after buying an additional 914 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Stock Up 0.8%

Seaboard stock traded up $24.22 during midday trading on Tuesday, hitting $3,054.42. 1,384 shares of the stock were exchanged, compared to its average volume of 2,273. Seaboard Corporation has a 52-week low of $2,365.00 and a 52-week high of $3,300.00. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 30.27 and a beta of 0.15. The business's 50-day moving average price is $2,781.82 and its 200-day moving average price is $2,649.22. The company has a quick ratio of 1.46, a current ratio of 2.52 and a debt-to-equity ratio of 0.21.

Seaboard announced that its board has initiated a stock repurchase plan on Wednesday, May 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Seaboard Announces Dividend

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

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.