Seaboard Corporation $SEB is Private Management Group Inc.’s 9th Largest Position

Private Management Group Inc. decreased its position in Seaboard Corporation (NYSEAMERICAN:SEB) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,724 shares of the company’s stock after selling 288 shares during the period. Seaboard accounts for 1.3% of Private Management Group Inc.’s holdings, making the stock its 9th largest position. Private Management Group Inc.’s holdings in Seaboard were worth $43,221,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. Empowered Funds LLC purchased a new stake in shares of Seaboard in the 4th quarter valued at approximately $58,000. Farther Finance Advisors LLC grew its stake in shares of Seaboard by 37.5% in the 4th quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock valued at $98,000 after buying an additional 6 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Seaboard by 20.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock valued at $103,000 after buying an additional 6 shares during the period. Finally, Highlander Partners L.P. purchased a new stake in shares of Seaboard in the 4th quarter valued at approximately $107,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Stock Performance

Seaboard stock opened at $5,223.98 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.38 and a quick ratio of 1.29. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 8.60 and a beta of 0.23. The firm has a 50 day simple moving average of $5,322.66 and a 200-day simple moving average of $5,008.23. Seaboard Corporation has a 1-year low of $2,697.00 and a 1-year high of $5,989.37.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $124.24 earnings per share for the quarter. The firm had revenue of $2.40 billion during the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 25th. Investors of record on Friday, May 15th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Seaboard Company 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.