Dimensional Fund Advisors LP Lowers Position in Seaboard Corporation $SEB

Key Points

• Dimensional Fund Advisors LP reduced its stake in Seaboard Corporation by 0.7%, owning 45,579 shares valued at approximately $122.93 million as of the end of the 1st quarter.
• Seaboard Corporation declared a dividend of $2.25 per share with a yield of 28.0%, and also initiated a stock repurchase program to buy back up to $100 million in shares.
• The company's stock traded at $3,610.08 with a market capitalization of $3.47 billion, and institutional investors own 22.57% of the company.

Dimensional Fund Advisors LP trimmed its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,579 shares of the company's stock after selling 309 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.70% of Seaboard worth $122,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in shares of Seaboard by 36.4% during the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock worth $36,000 after acquiring an additional 4 shares during the last quarter. Bfsg LLC raised its position in shares of Seaboard by 8.5% during the first quarter. Bfsg LLC now owns 77 shares of the company's stock worth $208,000 after acquiring an additional 6 shares during the last quarter. Aigen Investment Management LP raised its position in shares of Seaboard by 7.0% during the first quarter. Aigen Investment Management LP now owns 92 shares of the company's stock worth $248,000 after acquiring an additional 6 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Seaboard by 3.0% in the first quarter. Victory Capital Management Inc. now owns 271 shares of the company's stock worth $731,000 after purchasing an additional 8 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Seaboard by 19.5% in the first quarter. Covestor Ltd now owns 49 shares of the company's stock worth $133,000 after purchasing an additional 8 shares in the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Trading Up 1.8%

SEB stock traded up $66.31 during mid-day trading on Wednesday, reaching $3,775.00. The company's stock had a trading volume of 1,904 shares, compared to its average volume of 2,146. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 26.34 and a beta of 0.19. The business's 50 day moving average price is $3,211.26 and its 200 day moving average price is $2,822.01. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20. Seaboard Corporation has a 12 month low of $2,365.00 and a 12 month high of $3,814.14.

Seaboard Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $2.25 dividend. This represents a yield of 28.0%. The ex-dividend date was Friday, August 8th. Seaboard's payout ratio is presently 9.93%.

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

Seaboard Company 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.