Seaboard Corporation (NYSEAMERICAN:SEB) Stake Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 923 shares of the company's stock after selling 460 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Seaboard worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SEB. M&T Bank Corp bought a new position in shares of Seaboard in the first quarter worth $259,000. Millennium Management LLC lifted its holdings in Seaboard by 201.4% in the fourth quarter. Millennium Management LLC now owns 2,933 shares of the company's stock worth $7,126,000 after purchasing an additional 1,960 shares during the period. Nisa Investment Advisors LLC bought a new position in Seaboard in the 1st quarter valued at about $135,000. The Manufacturers Life Insurance Company increased its stake in Seaboard by 9.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 265 shares of the company's stock valued at $644,000 after buying an additional 22 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Seaboard by 67,325.0% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the company's stock valued at $7,274,000 after acquiring an additional 2,693 shares in the last quarter. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Performance

SEB stock opened at $3,054.42 on Wednesday. Seaboard Corporation has a 52 week low of $2,365.00 and a 52 week high of $3,300.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.46 and a current ratio of 2.52. The stock has a market cap of $2.96 billion, a P/E ratio of 30.27 and a beta of 0.15. The firm has a 50 day simple moving average of $2,802.80 and a 200 day simple moving average of $2,653.95.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, May 8th. Seaboard's dividend payout ratio is currently 9.93%.

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

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