Squarepoint Ops LLC Acquires Shares of 222 Seaboard Co. (NYSEAMERICAN:SEB)

Squarepoint Ops LLC bought a new stake in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 222 shares of the company's stock, valued at approximately $539,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Seaboard by 1,000.0% during the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock valued at $27,000 after acquiring an additional 10 shares during the last quarter. Quarry LP acquired a new position in shares of Seaboard during the 4th quarter valued at about $29,000. Sterling Capital Management LLC increased its stake in shares of Seaboard by 36.4% during the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock valued at $36,000 after acquiring an additional 4 shares during the last quarter. Deutsche Bank AG increased 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 valued at $90,000 after acquiring an additional 10 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Seaboard during the 4th quarter valued at about $102,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Trading Up 0.3%

SEB traded up $7.80 on Friday, reaching $2,776.04. 2,111 shares of the company's stock were exchanged, compared to its average volume of 2,382. The company's 50 day moving average is $2,587.12 and its 200-day moving average is $2,668.82. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 30.63 and a beta of 0.36. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,300.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50.

Seaboard announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, May 8th. Seaboard's dividend payout ratio (DPR) 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.