Seaboard Corporation $SEB Shares Purchased by Citigroup Inc.

Key Points

• Citigroup boosted its stake in Seaboard by 982.6% in Q3, buying 452 shares to hold 498 shares worth about $1.816 million, representing roughly 0.05% of the company.
• A number of other institutional investors (including American Century, BNY Mellon, Rhumbline and SummerHaven) also increased positions, leaving about 22.57% of Seaboard held by hedge funds and other institutions.
• Seaboard has a market cap of $4.82 billion and a trailing PE of 9.72, reported quarterly EPS of $262.99, and pays a quarterly dividend of $2.25 (annualized $9.00, yield ~0.2%).

Citigroup Inc. boosted its holdings in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 982.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498 shares of the company's stock after buying an additional 452 shares during the period. Citigroup Inc. owned approximately 0.05% of Seaboard worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC purchased a new stake in shares of Seaboard during the third quarter worth about $1,036,000. American Century Companies Inc. raised its position in shares of Seaboard by 18.0% in the 2nd quarter. American Century Companies Inc. now owns 5,485 shares of the company's stock valued at $15,694,000 after purchasing an additional 837 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Seaboard by 33.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,499 shares of the company's stock valued at $7,149,000 after purchasing an additional 622 shares during the last quarter. Rhumbline Advisers boosted its stake in Seaboard by 94.8% in the 2nd quarter. Rhumbline Advisers now owns 1,837 shares of the company's stock worth $5,256,000 after purchasing an additional 894 shares in the last quarter. Finally, Creative Planning boosted its stake in Seaboard by 19.4% in the 2nd quarter. Creative Planning now owns 899 shares of the company's stock worth $2,572,000 after purchasing an additional 146 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Stock Down 0.3%

NYSEAMERICAN:SEB opened at $5,015.75 on Monday. The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Seaboard Corporation has a twelve month low of $2,437.00 and a twelve month high of $5,654.00. The company has a market cap of $4.82 billion, a PE ratio of 9.72 and a beta of 0.36. The company's 50 day moving average is $4,922.19 and its two-hundred day moving average is $4,264.65.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $262.99 earnings per share (EPS) for the quarter. Seaboard had a net margin of 5.09% and a return on equity of 10.01%. The business had revenue of $2.41 billion during the quarter.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, February 23rd were paid a $2.25 dividend. The ex-dividend date was Monday, February 23rd. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard's dividend payout ratio (DPR) is 9.93%.

About Seaboard

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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