Seaboard Co. (NYSEAMERICAN:SEB) Short Interest Up 22.0% in July

Seaboard Co. (NYSEAMERICAN:SEB) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 5,000 shares, an increase of 22.0% from the June 30th total of 4,100 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Seaboard

Several large investors have recently added to or reduced their stakes in SEB. Herr Investment Group LLC acquired a new stake in Seaboard in the first quarter worth $20,714,000. Dimensional Fund Advisors LP increased its position in Seaboard by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 42,580 shares of the company’s stock worth $152,015,000 after buying an additional 2,342 shares during the period. Edgestream Partners L.P. increased its position in Seaboard by 187.6% in the first quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock worth $7,502,000 after buying an additional 1,518 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Seaboard by 91.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock valued at $9,422,000 after purchasing an additional 1,421 shares during the period. Finally, Private Management Group Inc. increased its holdings in shares of Seaboard by 20.3% during the first quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock valued at $17,351,000 after purchasing an additional 907 shares during the period. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Performance

Shares of Seaboard stock traded up $18.01 on Friday, hitting $3,161.86. 1,122 shares of the company’s stock traded hands, compared to its average volume of 3,220. The stock has a market cap of $3.07 billion, a P/E ratio of 13.14 and a beta of 0.35. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21. Seaboard has a 52-week low of $2,955.33 and a 52-week high of $3,862.00.

Seaboard (NYSEAMERICAN:SEB) last released its earnings results on Tuesday, April 30th. The company reported $22.66 EPS for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%. The company had revenue of $2.19 billion during the quarter.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, May 9th. Seaboard’s dividend payout ratio (DPR) is presently 3.74%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Seaboard from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

Seaboard Company 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.