Two Sigma Advisers LP increased its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,315 shares of the company's stock after purchasing an additional 2,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.55% of Seaboard worth $12,914,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in SEB. Quadrant Capital Group LLC raised its stake in Seaboard by 1,000.0% during the fourth quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock valued at $27,000 after buying an additional 10 shares during the last quarter. Quarry LP purchased a new position in Seaboard during the fourth quarter valued at $29,000. Sterling Capital Management LLC raised its stake in Seaboard by 36.4% during the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock valued at $36,000 after buying an additional 4 shares during the last quarter. Deutsche Bank AG raised its stake in Seaboard by 37.0% during the fourth quarter. Deutsche Bank AG now owns 37 shares of the company's stock valued at $90,000 after buying an additional 10 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Seaboard during the fourth quarter valued at $102,000. Hedge funds and other institutional investors own 22.57% of the company's stock.
Seaboard Stock Up 1.0%
NYSEAMERICAN:SEB traded up $25.60 during trading hours on Wednesday, reaching $2,669.85. 336 shares of the company traded hands, compared to its average volume of 2,369. The business's 50-day moving average price is $2,580.31 and its two-hundred day moving average price is $2,671.38. The stock has a market capitalization of $2.59 billion, a P/E ratio of 29.46 and a beta of 0.36. Seaboard Co. has a 1 year low of $2,365.00 and a 1 year high of $3,372.12. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21.
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 paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard's payout ratio is 9.93%.
Seaboard announced that its board has approved a share buyback program on Wednesday, May 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.
About Seaboard
(
Free Report)
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.
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