Seaboard Corporation $SEB Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Seaboard Corporation (NYSEAMERICAN:SEB) by 55.1% in the third quarter, Holdings Channel reports. The institutional investor owned 825 shares of the company’s stock after selling 1,012 shares during the quarter. Rhumbline Advisers’ holdings in Seaboard were worth $3,009,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Seaboard by 18.0% during the 2nd quarter. American Century Companies Inc. now owns 5,485 shares of the company’s stock worth $15,694,000 after acquiring an additional 837 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Seaboard by 33.1% in the second quarter. Bank of New York Mellon Corp now owns 2,499 shares of the company’s stock worth $7,149,000 after purchasing an additional 622 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Seaboard by 15.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,229 shares of the company’s stock worth $3,516,000 after purchasing an additional 167 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Seaboard by 3.9% in the third quarter. State of Alaska Department of Revenue now owns 1,031 shares of the company’s stock valued at $3,759,000 after buying an additional 39 shares during the last quarter. Finally, Creative Planning raised its stake in Seaboard by 19.4% during the second quarter. Creative Planning now owns 899 shares of the company’s stock valued at $2,572,000 after buying an additional 146 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Price Performance

Shares of SEB opened at $5,010.00 on Thursday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 9.71 and a beta of 0.37. The stock has a 50 day moving average of $4,827.92 and a 200-day moving average of $4,185.41. The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Seaboard Corporation has a 52 week low of $2,437.00 and a 52 week high of $5,654.00.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Thursday, February 12th. The company reported $262.99 earnings per share (EPS) for the quarter. The business had revenue of $2.41 billion for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, February 23rd. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

About Seaboard

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.