Public Employees Retirement System of Ohio Decreases Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Public Employees Retirement System of Ohio cut its stake in Seaboard Co. (NYSEAMERICAN:SEBFree Report) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105 shares of the company’s stock after selling 11 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Seaboard were worth $394,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of Seaboard by 411.2% in the third quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock valued at $7,866,000 after purchasing an additional 1,686 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Seaboard by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock valued at $5,348,000 after purchasing an additional 161 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Seaboard by 5.8% in the third quarter. New York State Common Retirement Fund now owns 605 shares of the company’s stock valued at $2,271,000 after purchasing an additional 33 shares in the last quarter. Deutsche Bank AG grew its position in shares of Seaboard by 15,133,323.3% in the third quarter. Deutsche Bank AG now owns 4,540,027 shares of the company’s stock valued at $17,038,721,000 after purchasing an additional 4,539,997 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Seaboard in the third quarter valued at $300,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Stock Down 0.3 %

Shares of SEB stock opened at $3,199.90 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.52 and a quick ratio of 1.42. Seaboard Co. has a 12-month low of $3,145.02 and a 12-month high of $4,080.11. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 15.67 and a beta of 0.41.

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

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 23rd were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, February 22nd. Seaboard’s dividend payout ratio (DPR) is currently 4.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TheStreet lowered Seaboard from a “b” rating to a “c+” rating in a research note on Thursday, February 15th. StockNews.com lowered Seaboard from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th.

View Our Latest Stock Analysis on Seaboard

About Seaboard

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Seaboard (NYSEAMERICAN:SEB)

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