Connor Clark & Lunn Investment Management Ltd. Invests $3.56 Million in Seaboard Corporation $SEB

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 798 shares of the company’s stock, valued at approximately $3,563,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Seaboard as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Bank of Nova Scotia acquired a new position in Seaboard during the second quarter valued at approximately $1,616,000. Ieq Capital LLC acquired a new stake in shares of Seaboard in the second quarter worth $1,250,000. Allworth Financial LP acquired a new stake in shares of Seaboard in the second quarter worth $121,000. BlackRock Inc. acquired a new stake in shares of Seaboard in the second quarter worth $106,318,000. Finally, Deutsche Bank AG purchased a new position in shares of Seaboard in the 2nd quarter valued at $1,277,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Stock Performance

NYSEAMERICAN:SEB opened at $3,913.21 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.91 and a beta of 0.24. The firm’s fifty day simple moving average is $4,451.59 and its 200 day simple moving average is $4,957.67. Seaboard Corporation has a twelve month low of $3,140.01 and a twelve month high of $5,989.37.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The firm had revenue of $2.92 billion during the quarter.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were given a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard’s dividend payout ratio 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.