Seaboard Co. (NYSEAMERICAN:SEB) Holdings Decreased by Meritage Portfolio Management

Meritage Portfolio Management trimmed its position in Seaboard Co. (NYSEAMERICAN:SEB) by 52.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,820 shares of the company’s stock after selling 1,993 shares during the period. Meritage Portfolio Management’s holdings in Seaboard were worth $6,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Deutsche Bank AG boosted its position in Seaboard by 15,133,323.3% during the 3rd quarter. Deutsche Bank AG now owns 4,540,027 shares of the company’s stock worth $17,038,721,000 after acquiring an additional 4,539,997 shares during the period. Pacer Advisors Inc. raised its position in shares of Seaboard by 54.8% during the fourth quarter. Pacer Advisors Inc. now owns 11,675 shares of the company’s stock worth $41,681,000 after purchasing an additional 4,134 shares during the period. DAVENPORT & Co LLC raised its position in shares of Seaboard by 2.8% during the fourth quarter. DAVENPORT & Co LLC now owns 7,035 shares of the company’s stock worth $25,137,000 after purchasing an additional 191 shares during the period. Private Management Group Inc. raised its position in shares of Seaboard by 15.2% during the fourth quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock worth $15,976,000 after purchasing an additional 589 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Seaboard by 5.9% during the third quarter. AQR Capital Management LLC now owns 2,774 shares of the company’s stock worth $10,411,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 22.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Seaboard from a “b” rating to a “c+” rating in a research report on Thursday, February 15th.

Seaboard Price Performance

NYSEAMERICAN:SEB traded up $69.05 during mid-day trading on Friday, hitting $3,274.38. 1,848 shares of the company’s stock traded hands, compared to its average volume of 2,889. Seaboard Co. has a 12 month low of $3,048.01 and a 12 month high of $4,080.11. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 15.69 and a beta of 0.41. The company has a quick ratio of 1.42, a current ratio of 2.52 and a debt-to-equity ratio of 0.22.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, February 13th. The company reported $64.67 earnings per share for the quarter. The firm had revenue of $2.28 billion during the quarter. Seaboard had a return on equity of 4.55% and a net margin of 2.36%.

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 23rd were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, February 22nd. This represents a $9.00 dividend on an annualized basis and a yield of 0.27%. Seaboard’s dividend payout ratio is 4.41%.

About Seaboard

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.