Pinebridge Investments L.P. Lowers Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Pinebridge Investments L.P. reduced its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 56.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491 shares of the company's stock after selling 625 shares during the quarter. Pinebridge Investments L.P. owned 0.05% of Seaboard worth $1,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Seaboard in the third quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its stake in shares of Seaboard by 1,000.0% during the fourth quarter. Quadrant Capital Group LLC now owns 11 shares of the company's stock worth $27,000 after buying an additional 10 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Seaboard by 36.4% during the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock valued at $36,000 after acquiring an additional 4 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Seaboard in the 4th quarter valued at about $102,000. Finally, Bfsg LLC grew its position in Seaboard by 22.4% in the 4th quarter. Bfsg LLC now owns 71 shares of the company's stock valued at $173,000 after purchasing an additional 13 shares during the period. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Stock Performance

Seaboard stock traded up $20.97 during mid-day trading on Friday, reaching $2,592.10. The company's stock had a trading volume of 1,308 shares, compared to its average volume of 2,565. Seaboard Co. has a 12-month low of $2,365.00 and a 12-month high of $3,412.00. The firm's fifty day moving average price is $2,670.89 and its two-hundred day moving average price is $2,696.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50. The company has a market capitalization of $2.51 billion, a P/E ratio of 28.60 and a beta of 0.36.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, May 8th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 8th. Seaboard's 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.