JPMorgan Chase & Co. Has $328,000 Stake in Seaboard Co. (NYSEAMERICAN:SEB)

JPMorgan Chase & Co. reduced its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 55.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135 shares of the company’s stock after selling 168 shares during the period. JPMorgan Chase & Co.’s holdings in Seaboard were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Seaboard in the 4th quarter worth about $651,000. Sei Investments Co. raised its stake in shares of Seaboard by 9.4% in the fourth quarter. Sei Investments Co. now owns 186 shares of the company’s stock worth $452,000 after purchasing an additional 16 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Seaboard by 5.9% in the fourth quarter. American Century Companies Inc. now owns 4,564 shares of the company’s stock valued at $11,089,000 after purchasing an additional 253 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Seaboard during the fourth quarter valued at approximately $581,000. Finally, Brandes Investment Partners LP grew its holdings in Seaboard by 144.4% during the fourth quarter. Brandes Investment Partners LP now owns 330 shares of the company’s stock worth $802,000 after buying an additional 195 shares in the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Price Performance

Seaboard stock opened at $2,592.10 on Friday. The business’s 50 day simple moving average is $2,662.92 and its 200 day simple moving average is $2,695.45. Seaboard Co. has a 12 month low of $2,365.00 and a 12 month high of $3,412.00. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 28.60 and a beta of 0.36. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, May 8th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $9.00 annualized dividend and a yield of 0.35%. Seaboard’s dividend payout ratio is currently 9.93%.

About Seaboard

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.