Private Management Group Inc. increased its holdings in Seaboard Corporation (NYSEAMERICAN:SEB – Free Report) by 5.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,700 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Private Management Group Inc.’s holdings in Seaboard were worth $26,452,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of SEB. Dimensional Fund Advisors LP grew its stake in Seaboard by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock valued at $266,222,000 after purchasing an additional 2,017 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Seaboard in the 2nd quarter valued at approximately $106,318,000. Arrowstreet Capital Limited Partnership raised its position in shares of Seaboard by 238.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after purchasing an additional 8,683 shares in the last quarter. Wallace Capital Management Inc. acquired a new position in shares of Seaboard in the 2nd quarter valued at approximately $30,675,000. Finally, Kahn Brothers Group Inc. purchased a new position in shares of Seaboard during the 2nd quarter valued at approximately $24,058,000. Institutional investors and hedge funds own 22.57% of the company’s stock.
Seaboard Stock Performance
Seaboard stock opened at $3,783.74 on Tuesday. Seaboard Corporation has a 52 week low of $3,309.11 and a 52 week high of $5,989.37. The company has a current ratio of 2.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.63 billion, a P/E ratio of 6.55 and a beta of 0.25. The stock has a 50 day moving average of $3,993.87 and a 200-day moving average of $4,723.54.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $29.23 earnings per share (EPS) for the quarter. The business had revenue of $2.77 billion during the quarter. Seaboard had a net margin of 5.27% and a return on equity of 10.22%.
Seaboard Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 13th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 13th. Seaboard’s dividend payout ratio is 9.93%.
About Seaboard
Seaboard Corporation is a diversified agribusiness and transportation company. Its businesses include Seaboard Foods, which raises hogs and produces and sells pork products, and commodity trading and milling operations that handle grains, feed ingredients and related products.
The company also operates Seaboard Marine, a cargo shipping business serving routes between the United States, the Caribbean and Central and South America. Other activities include sugar production, power generation and energy businesses.
Seaboard’s operations span the United States and several international markets, including parts of Africa, the Caribbean and South America.
Read More
- Five stocks we like better than Seaboard
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding SEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seaboard Corporation (NYSEAMERICAN:SEB – Free Report).
Receive News & Ratings for Seaboard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaboard and related companies with MarketBeat.com's FREE daily email newsletter.
