Northern Trust Corp Boosts Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Northern Trust Corp grew its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,963 shares of the company's stock after buying an additional 258 shares during the period. Northern Trust Corp owned 0.20% of Seaboard worth $4,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SEB. Quadrant Capital Group LLC lifted its holdings in Seaboard by 1,000.0% during the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock worth $27,000 after buying an additional 10 shares during the last quarter. Quarry LP purchased a new stake in Seaboard during the 4th quarter worth about $29,000. Sterling Capital Management LLC lifted its holdings in 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 during the last quarter. SG Americas Securities LLC purchased a new stake in Seaboard during the 4th quarter worth about $102,000. Finally, Bfsg LLC lifted its holdings in shares of Seaboard by 22.4% in the 4th quarter. Bfsg LLC now owns 71 shares of the company's stock valued at $173,000 after purchasing an additional 13 shares during the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Performance

Shares of Seaboard stock traded down $29.00 on Friday, hitting $2,566.00. The stock had a trading volume of 2,879 shares, compared to its average volume of 2,374. Seaboard Co. has a 52-week low of $2,365.00 and a 52-week high of $3,376.15. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 28.32 and a beta of 0.36. The company's 50 day moving average price is $2,584.58 and its 200 day moving average price is $2,672.18.

Seaboard announced that its board has authorized a stock buyback plan on Wednesday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Seaboard Announces Dividend

The company also recently announced 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 0.35%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard's payout ratio is currently 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.