Allspring Global Investments Holdings LLC Has $4.84 Million Stake in Seaboard Corporation (NYSEAMERICAN:SEB)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bfsg LLC raised its stake in shares of Seaboard by 8.5% in the first quarter. Bfsg LLC now owns 77 shares of the company's stock valued at $208,000 after acquiring an additional 6 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Seaboard by 59.1% during the first quarter. Wedmont Private Capital now owns 202 shares of the company's stock worth $513,000 after purchasing an additional 75 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Seaboard by 1.3% in the first quarter. Rhumbline Advisers now owns 943 shares of the company's stock valued at $2,543,000 after buying an additional 12 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Seaboard by 38.0% in the first quarter. Parallel Advisors LLC now owns 98 shares of the company's stock valued at $264,000 after buying an additional 27 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Seaboard by 67,325.0% during 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 during the last quarter. Institutional investors own 22.57% of the company's stock.

Seaboard Price Performance

Shares of SEB stock traded down $0.19 during trading hours on Monday, reaching $3,012.87. 2,048 shares of the company were exchanged, compared to its average volume of 2,342. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.52 and a quick ratio of 1.46. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 29.86 and a beta of 0.15. The stock's fifty day moving average is $2,685.85 and its two-hundred day moving average is $2,628.76. Seaboard Corporation has a fifty-two week low of $2,365.00 and a fifty-two week high of $3,300.00.

Seaboard declared that its board has authorized a stock buyback program on Wednesday, May 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, May 8th. Seaboard's dividend payout ratio (DPR) is currently 9.93%.

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.