Allspring Global Investments Holdings LLC Trims Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Allspring Global Investments Holdings LLC lessened its stake in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 950 shares of the company's stock after selling 395 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Seaboard worth $3,392,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC bought a new position in shares of Seaboard during the first quarter worth about $25,000. Tower Research Capital LLC TRC increased its position in shares of Seaboard by 233.3% during the first quarter. Tower Research Capital LLC TRC now owns 10 shares of the company's stock worth $38,000 after buying an additional 7 shares during the period. Citigroup Inc. raised its stake in Seaboard by 75.0% during the second quarter. Citigroup Inc. now owns 14 shares of the company's stock worth $50,000 after buying an additional 6 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in Seaboard during the first quarter valued at $83,000. Finally, Captrust Financial Advisors grew its holdings in Seaboard by 30.3% during the 2nd quarter. Captrust Financial Advisors now owns 43 shares of the company's stock worth $167,000 after acquiring an additional 10 shares during the period. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Stock Performance

Shares of NYSEAMERICAN SEB traded up $97.57 during trading on Friday, hitting $3,229.56. The stock had a trading volume of 4,124 shares, compared to its average volume of 3,077. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.52 and a quick ratio of 1.42. Seaboard Co. has a 12 month low of $3,048.01 and a 12 month high of $4,080.11. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 15.81 and a beta of 0.41.

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

Seaboard Announces Dividend

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

Analyst Ratings Changes

Separately, TheStreet lowered shares of Seaboard from a "b" rating to a "c+" rating in a research note 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.