Corient Private Wealth LLC lifted its position in Seaboard Corporation (NYSEAMERICAN:SEB – Free Report) by 108.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,045 shares of the company’s stock after acquiring an additional 543 shares during the period. Corient Private Wealth LLC’s holdings in Seaboard were worth $4,645,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SEB. Vanguard Group Inc. boosted its stake in Seaboard by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 27,267 shares of the company’s stock worth $121,197,000 after buying an additional 434 shares in the last quarter. M&T Bank Corp raised its position in Seaboard by 14,586.5% in the fourth quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock worth $67,890,000 after purchasing an additional 15,170 shares in the last quarter. American Century Companies Inc. lifted its stake in Seaboard by 6.5% during the third quarter. American Century Companies Inc. now owns 5,844 shares of the company’s stock worth $21,313,000 after purchasing an additional 359 shares during the period. AQR Capital Management LLC lifted its stake in Seaboard by 11.7% during the fourth quarter. AQR Capital Management LLC now owns 4,793 shares of the company’s stock worth $21,302,000 after purchasing an additional 501 shares during the period. Finally, Twin Lions Management LLC boosted its holdings in Seaboard by 14.4% during the fourth quarter. Twin Lions Management LLC now owns 4,398 shares of the company’s stock valued at $19,548,000 after purchasing an additional 555 shares in the last quarter. 22.57% of the stock is owned by institutional investors.
Seaboard Trading Up 0.1%
SEB stock opened at $4,738.08 on Friday. Seaboard Corporation has a 1-year low of $2,740.00 and a 1-year high of $5,989.37. The firm has a market cap of $4.55 billion, a P/E ratio of 7.80 and a beta of 0.23. The business’s 50 day moving average is $5,124.98 and its 200-day moving average is $5,031.67. The company has a current ratio of 2.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18.
Seaboard Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Friday, May 15th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. Seaboard’s payout ratio is currently 9.93%.
About Seaboard
Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.
In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.
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