Bank of Nova Scotia acquired a new stake in Seaboard Corporation (NYSEAMERICAN:SEB – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 362 shares of the company’s stock, valued at approximately $1,616,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV acquired a new stake in Seaboard in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Seaboard by 33.3% during the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after purchasing an additional 3 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Seaboard during the fourth quarter worth $58,000. Finally, Fifth Third Bancorp acquired a new position in shares of Seaboard during the first quarter worth $62,000. 22.57% of the stock is owned by institutional investors and hedge funds.
Seaboard Stock Down 2.6%
Seaboard stock opened at $4,026.77 on Thursday. The stock has a market cap of $3.87 billion, a PE ratio of 6.08 and a beta of 0.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.33. The stock’s fifty day moving average is $4,486.13 and its two-hundred day moving average is $4,975.48. Seaboard Corporation has a 1-year low of $3,140.01 and a 1-year high of $5,989.37.
Seaboard Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.
Seaboard Profile
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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