UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Seaboard Co. (NYSEAMERICAN:SEB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 59.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 679 shares of the company's stock after buying an additional 254 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Seaboard worth $1,650,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Seaboard by 1,000.0% in the fourth quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock worth $27,000 after purchasing an additional 10 shares during the last quarter. Quarry LP bought a new stake in shares of Seaboard in the 4th quarter worth $29,000. Sterling Capital Management LLC lifted 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 valued at $36,000 after purchasing an additional 4 shares in the last quarter. Deutsche Bank AG grew its position in Seaboard by 37.0% in the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock worth $90,000 after purchasing an additional 10 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Seaboard in the 4th quarter valued at about $102,000. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Performance

SEB stock traded up $37.76 during midday trading on Thursday, hitting $2,749.00. The company's stock had a trading volume of 1,424 shares, compared to its average volume of 2,383. The stock's 50-day moving average price is $2,588.88 and its 200 day moving average price is $2,662.72. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 30.34 and a beta of 0.36. Seaboard Co. has a 1 year low of $2,365.00 and a 1 year high of $3,300.00.

Seaboard announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Thursday, May 8th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Thursday, May 8th. Seaboard's dividend payout ratio is currently 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.