Private Management Group Inc. Increases Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Private Management Group Inc. increased its position in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,475 shares of the company's stock after acquiring an additional 589 shares during the quarter. Private Management Group Inc. owned approximately 0.46% of Seaboard worth $15,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SEB. American Century Companies Inc. raised its position in Seaboard by 47.9% in the third quarter. American Century Companies Inc. now owns 1,467 shares of the company's stock valued at $5,506,000 after purchasing an additional 475 shares during the period. Invesco Ltd. raised its position in Seaboard by 411.2% in the third quarter. Invesco Ltd. now owns 2,096 shares of the company's stock valued at $7,866,000 after purchasing an additional 1,686 shares during the period. Bank of New York Mellon Corp raised its position 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 valued at $5,348,000 after purchasing an additional 161 shares during the period. New York State Common Retirement Fund raised its position in Seaboard by 5.8% in 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 during the period. Finally, Deutsche Bank AG raised its position 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 valued at $17,038,721,000 after purchasing an additional 4,539,997 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Trading Up 4.2 %

Seaboard stock traded up $132.12 during midday trading on Tuesday, hitting $3,284.37. 4,428 shares of the company's stock were exchanged, compared to its average volume of 2,893. Seaboard Co. has a 12-month low of $3,048.01 and a 12-month high of $4,080.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.42 and a current ratio of 2.52. The company has a market capitalization of $3.19 billion, a P/E ratio of 16.08 and a beta of 0.41.

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

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, February 23rd were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, February 22nd. Seaboard's dividend payout ratio (DPR) is presently 4.41%.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Seaboard from a "b" rating to a "c+" rating in a report on Thursday, February 15th.

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.

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