BNP Paribas Financial Markets Boosts Stock Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

BNP Paribas Financial Markets raised its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 102.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 320 shares of the company's stock after acquiring an additional 162 shares during the period. BNP Paribas Financial Markets' holdings in Seaboard were worth $777,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SEB. Jane Street Group LLC boosted its stake in Seaboard by 175.3% during the 4th quarter. Jane Street Group LLC now owns 1,203 shares of the company's stock valued at $2,923,000 after purchasing an additional 766 shares during the last quarter. PDT Partners LLC bought a new position in shares of Seaboard in the fourth quarter valued at approximately $1,047,000. Northern Trust Corp boosted its position in shares of Seaboard by 15.1% during the fourth quarter. Northern Trust Corp now owns 1,963 shares of the company's stock valued at $4,769,000 after buying an additional 258 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Seaboard by 9.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 265 shares of the company's stock worth $644,000 after buying an additional 22 shares in the last quarter. Finally, Quarry LP bought a new stake in Seaboard during the fourth quarter worth $29,000. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Up 3.5%

Seaboard stock traded up $89.06 during midday trading on Tuesday, hitting $2,655.06. 1,175 shares of the stock were exchanged, compared to its average volume of 2,372. Seaboard Co. has a 52-week low of $2,365.00 and a 52-week high of $3,372.12. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $2,581.65 and its 200-day moving average price is $2,671.55. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 29.30 and a beta of 0.36.

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Thursday, May 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, May 8th. Seaboard's payout ratio is 9.93%.

Seaboard announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

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.