Seaboard Corporation $SEB Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Seaboard Corporation by 15.4%, owning 1,147 shares worth approximately $3.09 million following the sale of 208 shares.
• Seaboard recently declared a quarterly dividend of $2.25, representing an annualized dividend yield of 0.3% with a payout ratio of 9.93%.
• As of the recent filing, 22.57% of Seaboard's stock is held by institutional investors and hedge funds, indicating notable interest from larger financial entities.

Goldman Sachs Group Inc. decreased its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,147 shares of the company's stock after selling 208 shares during the quarter. Goldman Sachs Group Inc. owned 0.12% of Seaboard worth $3,094,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SEB. BNP Paribas Financial Markets boosted its stake in shares of Seaboard by 102.5% during the 4th quarter. BNP Paribas Financial Markets now owns 320 shares of the company's stock worth $777,000 after acquiring an additional 162 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Seaboard by 8.3% during the 4th quarter. Bank of America Corp DE now owns 967 shares of the company's stock worth $2,349,000 after acquiring an additional 74 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Seaboard by 37.0% during the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after acquiring an additional 10 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Seaboard by 257.1% during the 4th quarter. Lazard Asset Management LLC now owns 75 shares of the company's stock worth $182,000 after acquiring an additional 54 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Seaboard by 201.4% in the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company's stock valued at $7,126,000 after buying an additional 1,960 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Price Performance

SEB stock traded up $3.59 on Tuesday, reaching $3,681.59. The company had a trading volume of 69 shares, compared to its average volume of 2,109. Seaboard Corporation has a 1 year low of $2,365.00 and a 1 year high of $4,038.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.40. The company's fifty day moving average is $3,555.78 and its 200 day moving average is $2,987.90. The company has a market cap of $3.53 billion, a P/E ratio of 25.73 and a beta of 0.21.

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were paid a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard's dividend payout ratio is presently 9.93%.

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.