Seaboard Corporation $SEB Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Seaboard position by 364,831.6% in the second quarter, acquiring 1,338,932 additional shares and reporting ownership of 1,339,299 shares valued at approximately $5.98 billion.
• Other institutional investors, including JPMorgan Chase, UBS Asset Management, Legal & General, M&T Bank, and Arrowstreet Capital, also increased their Seaboard holdings; institutions collectively owned 22.57% of the company.
• Seaboard shares opened at $4,316.42, with a market capitalization of $4.14 billion and a price-to-earnings ratio of 6.52. The company reported quarterly revenue of $2.92 billion and EPS of $159.74, and paid a quarterly dividend of $2.25.

California State Teachers Retirement System raised its position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 364,831.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,339,299 shares of the company's stock after purchasing an additional 1,338,932 shares during the quarter. California State Teachers Retirement System owned 139.51% of Seaboard worth $5,979,073,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SEB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Seaboard by 28.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company's stock worth $2,352,000 after purchasing an additional 193 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Seaboard by 97.0% during the second quarter. JPMorgan Chase & Co. now owns 465 shares of the company's stock valued at $1,330,000 after buying an additional 229 shares in the last quarter. Legal & General Group Plc increased its position in shares of Seaboard by 5.3% in the second quarter. Legal & General Group Plc now owns 376 shares of the company's stock worth $1,076,000 after acquiring an additional 19 shares in the last quarter. M&T Bank Corp increased its position in shares of Seaboard by 3.1% in the second quarter. M&T Bank Corp now owns 99 shares of the company's stock worth $284,000 after acquiring an additional 3 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Seaboard by 15.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,229 shares of the company's stock valued at $3,516,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Stock Performance

NYSEAMERICAN:SEB opened at $4,316.42 on Thursday. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 6.52 and a beta of 0.22. The firm's fifty day simple moving average is $4,381.15 and its 200 day simple moving average is $4,896.09. Seaboard Corporation has a twelve month low of $3,140.01 and a twelve month high of $5,989.37.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The firm had revenue of $2.92 billion during the quarter.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were paid a $2.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard's dividend payout ratio (DPR) is 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company's principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard's integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.

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