Pinebridge Investments L.P. Sells 625 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Pinebridge Investments L.P. lessened its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 56.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491 shares of the company's stock after selling 625 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.05% of Seaboard worth $1,193,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SEB. Wilmington Savings Fund Society FSB bought a new position in shares of Seaboard during the 3rd quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its stake in 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 acquiring an additional 10 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Seaboard by 36.4% in the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company's stock worth $36,000 after purchasing an additional 4 shares during the period. SG Americas Securities LLC bought a new stake in Seaboard in the fourth quarter valued at $102,000. Finally, Bfsg LLC raised its holdings in shares of Seaboard by 22.4% during the fourth 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 currently owned by institutional investors and hedge funds.

Seaboard Stock Up 0.8 %

Shares of SEB traded up $20.97 during trading hours on Friday, hitting $2,592.10. The stock had a trading volume of 1,308 shares, compared to its average volume of 2,561. Seaboard Co. has a 1-year low of $2,365.00 and a 1-year high of $3,412.00. The firm has a market capitalization of $2.51 billion, a P/E ratio of 28.60 and a beta of 0.36. The firm has a 50 day simple moving average of $2,662.92 and a 200-day simple moving average of $2,695.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50.

Seaboard Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, May 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.35%. Seaboard's dividend payout ratio is 9.93%.

About Seaboard

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.