Seaboard Co. (NYSEAMERICAN:SEB) Short Interest Down 73.4% in March

Seaboard Co. (NYSEAMERICAN:SEB - Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,700 shares, a decline of 73.4% from the March 15th total of 6,400 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Seaboard

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Seaboard by 47.9% in the third quarter. American Century Companies Inc. now owns 1,467 shares of the company's stock worth $5,506,000 after acquiring an additional 475 shares in the last quarter. Invesco Ltd. boosted its holdings in Seaboard by 411.2% in the third quarter. Invesco Ltd. now owns 2,096 shares of the company's stock worth $7,866,000 after acquiring an additional 1,686 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Seaboard by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company's stock worth $5,348,000 after acquiring an additional 161 shares in the last quarter. Deutsche Bank AG boosted its holdings in Seaboard by 15,133,323.3% in the third quarter. Deutsche Bank AG now owns 4,540,027 shares of the company's stock worth $17,038,721,000 after acquiring an additional 4,539,997 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Seaboard by 5.8% during the third quarter. New York State Common Retirement Fund now owns 605 shares of the company's stock valued at $2,271,000 after purchasing an additional 33 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Price Performance

Shares of SEB traded down $2.73 during mid-day trading on Wednesday, hitting $3,162.68. 3,413 shares of the company's stock traded hands, compared to its average volume of 2,857. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.42 and a current ratio of 2.52. Seaboard has a 1 year low of $3,106.92 and a 1 year high of $4,080.11. The stock has a market capitalization of $3.07 billion, a PE ratio of 15.40 and a beta of 0.41.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $64.67 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 4.55% and a net margin of 2.36%. The firm had revenue of $2.28 billion for the quarter.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 23rd were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $9.00 annualized dividend and a dividend yield of 0.28%. Seaboard's dividend payout ratio is presently 4.41%.

Analyst Ratings Changes

A number of analysts recently weighed in on SEB shares. StockNews.com downgraded Seaboard from a "buy" rating to a "hold" rating in a research report on Thursday, December 14th. TheStreet downgraded Seaboard from a "b" rating to a "c+" rating in a research report on Thursday, February 15th.

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.

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