Bank of America Corp DE Grows Position in Seaboard Co. (NYSEAMERICAN:SEB)

Bank of America Corp DE raised its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 967 shares of the company’s stock after buying an additional 74 shares during the quarter. Bank of America Corp DE owned about 0.10% of Seaboard worth $2,349,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in shares of Seaboard by 36.4% in the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company’s stock valued at $36,000 after purchasing an additional 4 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Seaboard by 0.9% in the 4th quarter. Rhumbline Advisers now owns 931 shares of the company’s stock valued at $2,262,000 after purchasing an additional 8 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Seaboard by 1,000.0% in the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company’s stock valued at $27,000 after purchasing an additional 10 shares during the last quarter. Quarry LP bought a new stake in shares of Seaboard in the 4th quarter valued at approximately $29,000. Finally, Bfsg LLC lifted its stake in shares of Seaboard by 22.4% in the 4th quarter. Bfsg LLC now owns 71 shares of the company’s stock valued at $173,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

NYSEAMERICAN:SEB opened at $2,754.05 on Tuesday. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 30.39 and a beta of 0.36. Seaboard Co. has a 1 year low of $2,365.00 and a 1 year high of $3,361.12. The business has a 50 day simple moving average of $2,583.67 and a 200-day simple moving average of $2,669.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50.

Seaboard announced that its Board of Directors has initiated a share buyback program on Wednesday, May 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 8th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Thursday, May 8th. Seaboard’s payout ratio is 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.