Seaboard Corporation $SEB Shares Sold by Private Management Group Inc.

Private Management Group Inc. lessened its stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,724 shares of the company’s stock after selling 288 shares during the period. Seaboard accounts for approximately 1.3% of Private Management Group Inc.’s investment portfolio, making the stock its 9th biggest position. Private Management Group Inc. owned approximately 1.01% of Seaboard worth $43,221,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares during the last quarter. Empowered Funds LLC purchased a new stake in Seaboard during the 4th quarter valued at about $58,000. Farther Finance Advisors LLC grew its stake in Seaboard by 37.5% during the 4th quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock valued at $98,000 after acquiring an additional 6 shares in the last quarter. Comerica Bank grew its stake in Seaboard by 700.0% during the 4th quarter. Comerica Bank now owns 24 shares of the company’s stock valued at $107,000 after acquiring an additional 21 shares in the last quarter. Finally, Highlander Partners L.P. purchased a new stake in Seaboard during the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Stock Up 1.0%

Shares of NYSEAMERICAN SEB opened at $5,223.98 on Friday. Seaboard Corporation has a 12-month low of $2,697.00 and a 12-month high of $5,989.37. The stock has a market cap of $5.02 billion, a PE ratio of 8.60 and a beta of 0.23. The company has a current ratio of 2.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $5,322.66 and a 200 day moving average of $5,008.23.

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

Seaboard Announces Dividend

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

Seaboard 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.