Seaboard Corporation (NYSEAMERICAN:SEB) Shares Sold by New York State Common Retirement Fund

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp acquired a new stake in shares of Seaboard in the first quarter worth $259,000. Millennium Management LLC grew its position in shares of Seaboard by 201.4% during the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company's stock worth $7,126,000 after buying an additional 1,960 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Seaboard during the 1st quarter worth about $135,000. The Manufacturers Life Insurance Company grew its position in shares of Seaboard by 9.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 265 shares of the company's stock valued at $644,000 after purchasing an additional 22 shares during the period. Finally, 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 valued at $7,274,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Up 0.6%

Shares of NYSEAMERICAN SEB traded up $19.73 during trading hours on Friday, hitting $3,128.11. The company had a trading volume of 995 shares, compared to its average volume of 2,351. The stock has a market capitalization of $3.03 billion, a P/E ratio of 31.00 and a beta of 0.15. 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 1-year low of $2,365.00 and a 1-year high of $3,300.00. The firm's 50 day moving average is $2,839.76 and its 200-day moving average is $2,663.29.

Seaboard declared that its Board of Directors has approved a share buyback 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 a sign that the company's board believes its shares are undervalued.

Seaboard Announces Dividend

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