State Street Corp Buys 7 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

State Street Corp lifted its position in Seaboard Co. (NYSEAMERICAN:SEB) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,247 shares of the company’s stock after buying an additional 7 shares during the quarter. State Street Corp owned about 0.44% of Seaboard worth $13,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SEB. AQR Capital Management LLC grew its stake in shares of Seaboard by 81.4% in 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. Allspring Global Investments Holdings LLC boosted its holdings in Seaboard by 91.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock valued at $9,422,000 after purchasing an additional 1,421 shares in the last quarter. Factorial Partners LLC bought a new stake in shares of Seaboard in the 2nd quarter valued at approximately $3,834,000. Dimensional Fund Advisors LP lifted its position in shares of Seaboard by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after buying an additional 1,081 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Seaboard in the 2nd quarter valued at $3,344,000. 22.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Seaboard Stock Up 1.1 %

Shares of SEB opened at $2,484.47 on Thursday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -755.16 and a beta of 0.35. Seaboard Co. has a twelve month low of $2,413.00 and a twelve month high of $3,796.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44.

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

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, November 8th. Seaboard’s dividend payout ratio is currently -273.56%.

Seaboard 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.