Private Management Group Inc. cut its holdings in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,370 shares of the company's stock after selling 1,149 shares during the quarter. Private Management Group Inc. owned 0.66% of Seaboard worth $28,438,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Abel Hall LLC increased its holdings in shares of Seaboard by 3.0% in the 1st quarter. Abel Hall LLC now owns 69 shares of the company's stock worth $390,000 after purchasing an additional 2 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Seaboard by 1.6% during the first quarter. Parallel Advisors LLC now owns 124 shares of the company's stock valued at $701,000 after purchasing an additional 2 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company's stock valued at $283,000 after buying an additional 2 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock valued at $53,000 after buying an additional 3 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Seaboard by 3.1% in the 2nd quarter. M&T Bank Corp now owns 99 shares of the company's stock worth $284,000 after buying an additional 3 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
Seaboard Price Performance
NYSEAMERICAN SEB opened at $3,913.21 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. The stock has a 50-day moving average of $4,451.59 and a 200 day moving average of $4,957.67. Seaboard Corporation has a one year low of $3,140.01 and a one year high of $5,989.37. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.91 and a beta of 0.24.
Seaboard (NYSEAMERICAN:SEB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%. The company had revenue of $2.92 billion for the quarter.
Seaboard Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 14th. Seaboard's dividend payout ratio is presently 9.93%.
Seaboard Profile
(
Free Report)
Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company's principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard's integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.
In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.
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