Swiss National Bank lowered its position in Seaboard Co. (NYSEAMERICAN:SEB – Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626 shares of the company’s stock after selling 74 shares during the quarter. Swiss National Bank owned 0.05% of Seaboard worth $2,360,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Spire Wealth Management lifted its position in shares of Seaboard by 37.5% during the 1st quarter. Spire Wealth Management now owns 11 shares of the company’s stock worth $41,000 after buying an additional 3 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Seaboard by 233.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 10 shares of the company’s stock worth $38,000 after buying an additional 7 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Seaboard by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,280 shares of the company’s stock worth $4,825,000 after buying an additional 48 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Seaboard during the 1st quarter worth approximately $287,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Seaboard by 157.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,691 shares of the company’s stock worth $10,145,000 after buying an additional 1,647 shares during the period. Institutional investors own 19.41% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th.
Seaboard Price Performance
SEB stock opened at $3,544.00 on Wednesday. The company’s fifty day simple moving average is $3,816.59. Seaboard Co. has a fifty-two week low of $3,295.00 and a fifty-two week high of $4,090.63. The firm has a market cap of $4.11 billion, a PE ratio of 10.16 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 1.55.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $44.80 earnings per share for the quarter. Seaboard had a return on equity of 8.16% and a net margin of 3.87%. The firm had revenue of $2.39 billion during the quarter.
Seaboard Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $9.00 annualized dividend and a dividend yield of 0.25%. Seaboard’s dividend payout ratio (DPR) is currently 2.58%.
Seaboard Corporation operates as an agricultural and 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, foodservice operators, grocery stores, and distributors; hogs; and biodiesel.
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