Dimensional Fund Advisors LP lifted its holdings in Seaboard Co. (NYSEAMERICAN:SEB – Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,772 shares of the company’s stock after acquiring an additional 575 shares during the period. Dimensional Fund Advisors LP owned 3.34% of Seaboard worth $138,055,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in SEB. MetLife Investment Management LLC purchased a new stake in Seaboard during the first quarter valued at approximately $25,000. Capital Advisors Ltd. LLC grew its stake in Seaboard by 100.0% in the second quarter. Capital Advisors Ltd. LLC now owns 8 shares of the company’s stock worth $28,000 after purchasing an additional 4 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in Seaboard by 66.7% in the second quarter. Janiczek Wealth Management LLC now owns 10 shares of the company’s stock worth $36,000 after purchasing an additional 4 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Seaboard by 233.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 10 shares of the company’s stock valued at $38,000 after acquiring an additional 7 shares in the last quarter. Finally, Spire Wealth Management boosted its position in Seaboard by 37.5% during the 1st quarter. Spire Wealth Management now owns 11 shares of the company’s stock valued at $41,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 19.41% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Seaboard from a “hold” rating to a “buy” rating in a report on Monday, November 13th.
Seaboard Price Performance
Shares of SEB stock opened at $3,514.41 on Tuesday. Seaboard Co. has a 1 year low of $3,402.38 and a 1 year high of $4,090.63. The stock has a fifty day moving average price of $3,816.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.09 and a quick ratio of 1.79. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 10.60 and a beta of 0.48.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last posted its quarterly earnings results on Monday, October 30th. The company reported $108.55 earnings per share (EPS) for the quarter. The business had revenue of $2.39 billion during the quarter. Seaboard had a return on equity of 7.60% and a net margin of 3.87%.
Seaboard Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Thursday, November 9th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.26%. Seaboard’s dividend payout ratio (DPR) is presently 2.71%.
Seaboard Corporation operates as an agricultural and 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, foodservice operators, grocery stores, and distributors; hogs; and biodiesel.
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