Fmr LLC Lowers Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Fmr LLC lessened its position in Seaboard Co. (NYSEAMERICAN:SEB) by 72.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 203 shares of the company’s stock after selling 538 shares during the period. Fmr LLC’s holdings in Seaboard were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Seaboard by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock valued at $145,358,000 after purchasing an additional 1,081 shares in the last quarter. AQR Capital Management LLC boosted its position in Seaboard by 81.4% during the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after acquiring an additional 4,129 shares during the last quarter. Private Management Group Inc. grew its stake in Seaboard by 4.6% in the 3rd quarter. Private Management Group Inc. now owns 6,531 shares of the company’s stock worth $20,488,000 after acquiring an additional 289 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Seaboard by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company’s stock valued at $12,429,000 after acquiring an additional 663 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Seaboard by 8.3% during the 2nd quarter. American Century Companies Inc. now owns 3,725 shares of the company’s stock worth $11,774,000 after purchasing an additional 287 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Seaboard Trading Down 3.0 %

SEB opened at $2,465.97 on Thursday. Seaboard Co. has a 52-week low of $2,459.99 and a 52-week high of $3,796.00. The company has a market cap of $2.39 billion, a price-to-earnings ratio of -749.53 and a beta of 0.35. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The company had revenue of $2.22 billion during the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is presently -273.56%.

Seaboard Company Profile

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.