Baird Financial Group Inc. Sells 877 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Baird Financial Group Inc. lowered its position in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 70.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364 shares of the company's stock after selling 877 shares during the period. Baird Financial Group Inc.'s holdings in Seaboard were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Private Management Group Inc. lifted its position in Seaboard by 30.8% in the fourth quarter. Private Management Group Inc. now owns 8,541 shares of the company's stock valued at $20,752,000 after acquiring an additional 2,010 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Seaboard by 46.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company's stock valued at $14,092,000 after acquiring an additional 1,838 shares during the last quarter. Barclays PLC lifted its position in Seaboard by 382.3% in the third quarter. Barclays PLC now owns 1,881 shares of the company's stock valued at $5,900,000 after acquiring an additional 1,491 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of Seaboard by 161.4% in the fourth quarter. Edgestream Partners L.P. now owns 2,172 shares of the company's stock valued at $5,277,000 after buying an additional 1,341 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Seaboard by 175.3% in the fourth quarter. Jane Street Group LLC now owns 1,203 shares of the company's stock valued at $2,923,000 after buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Stock Performance

Shares of Seaboard stock traded up $1.33 on Tuesday, reaching $2,509.90. 415 shares of the stock were exchanged, compared to its average volume of 2,005. Seaboard Co. has a 1-year low of $2,365.00 and a 1-year high of $3,411.10. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $2,598.07 and a two-hundred day moving average price of $2,678.75. The firm has a market capitalization of $2.43 billion, a PE ratio of 27.70 and a beta of 0.36.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Thursday, May 8th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $9.00 annualized dividend and a yield of 0.36%. Seaboard's payout ratio is currently 9.93%.

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.