Seaboard Corporation (NYSEAMERICAN:SEB) Position Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 32.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,748 shares of the company's stock after selling 831 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of Seaboard worth $4,838,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Seaboard by 67,325.0% in the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the company's stock worth $7,274,000 after acquiring an additional 2,693 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Seaboard by 70.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,315 shares of the company's stock worth $12,914,000 after acquiring an additional 2,200 shares in the last quarter. Millennium Management LLC grew its position in shares of Seaboard by 201.4% in the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company's stock worth $7,126,000 after acquiring an additional 1,960 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Seaboard by 46.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company's stock worth $14,092,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Edgestream Partners L.P. grew its position in shares of Seaboard by 161.4% in the 4th quarter. Edgestream Partners L.P. now owns 2,172 shares of the company's stock worth $5,277,000 after acquiring an additional 1,341 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Stock Performance

Shares of SEB traded up $63.97 during mid-day trading on Wednesday, hitting $3,023.67. The stock had a trading volume of 1,838 shares, compared to its average volume of 2,343. The company has a market cap of $2.93 billion, a PE ratio of 29.96 and a beta of 0.15. The company's fifty day simple moving average is $2,712.48 and its two-hundred day simple moving average is $2,634.25. 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 Corporation has a fifty-two week low of $2,365.00 and a fifty-two week high of $3,300.00.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 8th were given a $2.25 dividend. The ex-dividend date was Thursday, May 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.30%. Seaboard's payout ratio is 9.93%.

Seaboard declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.