Parallel Advisors LLC Boosts Stock Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Parallel Advisors LLC lifted its stake in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 38.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98 shares of the company’s stock after purchasing an additional 27 shares during the quarter. Parallel Advisors LLC’s holdings in Seaboard were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SEB. Wilmington Savings Fund Society FSB lifted its stake in shares of Seaboard by 1,937.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 163 shares of the company’s stock valued at $396,000 after acquiring an additional 155 shares during the last quarter. Millennium Management LLC increased its stake in shares of Seaboard by 201.4% in the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company’s stock worth $7,126,000 after acquiring an additional 1,960 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Seaboard during the fourth quarter valued at approximately $374,000. Barclays PLC increased its position in Seaboard by 382.3% during the 3rd quarter. Barclays PLC now owns 1,881 shares of the company’s stock valued at $5,900,000 after buying an additional 1,491 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Seaboard by 9.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 265 shares of the company’s stock valued at $644,000 after acquiring an additional 22 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Performance

Shares of SEB opened at $2,729.60 on Thursday. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 30.12 and a beta of 0.36. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. Seaboard Co. has a 12 month low of $2,365.00 and a 12 month high of $3,300.00. The business’s fifty day simple moving average is $2,585.54 and its two-hundred day simple moving average is $2,670.08.

Seaboard declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Thursday, May 8th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.33%. Seaboard’s dividend payout ratio is currently 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.