JPMorgan Chase & Co. Cuts Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

JPMorgan Chase & Co. reduced its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 55.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135 shares of the company's stock after selling 168 shares during the quarter. JPMorgan Chase & Co.'s holdings in Seaboard were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SEB. Wilmington Savings Fund Society FSB purchased a new position in Seaboard in the third quarter worth $25,000. Rhumbline Advisers lifted its stake in Seaboard by 0.9% in the fourth quarter. Rhumbline Advisers now owns 931 shares of the company's stock worth $2,262,000 after acquiring an additional 8 shares during the period. Bfsg LLC lifted its position in shares of Seaboard by 22.4% in the 4th quarter. Bfsg LLC now owns 71 shares of the company's stock worth $173,000 after purchasing an additional 13 shares during the period. Sei Investments Co. boosted its position in Seaboard by 9.4% during the 4th quarter. Sei Investments Co. now owns 186 shares of the company's stock valued at $452,000 after acquiring an additional 16 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Seaboard in the 4th quarter worth approximately $102,000. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Up 0.4 %

Shares of SEB traded up $10.64 during mid-day trading on Thursday, reaching $2,523.50. The company had a trading volume of 62 shares, compared to its average volume of 2,482. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 27.85 and a beta of 0.36. The firm has a 50-day moving average price of $2,641.88 and a 200 day moving average price of $2,692.42. Seaboard Co. has a 52 week low of $2,365.00 and a 52 week high of $3,412.00. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, May 8th will be paid a dividend of $2.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.36%. 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.