Seaboard Co. (NYSEAMERICAN:SEB) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in Seaboard Co. (NYSEAMERICAN:SEB) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 586 shares of the company’s stock after selling 15 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.06% of Seaboard worth $1,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its stake in Seaboard by 1,000.0% during the 4th quarter. Quadrant Capital Group LLC now owns 11 shares of the company’s stock worth $27,000 after acquiring an additional 10 shares in the last quarter. Quarry LP acquired a new stake in Seaboard during the 4th quarter worth $29,000. Sterling Capital Management LLC raised its stake in Seaboard by 36.4% during the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company’s stock worth $36,000 after acquiring an additional 4 shares in the last quarter. Deutsche Bank AG raised its stake in Seaboard by 37.0% during the 4th quarter. Deutsche Bank AG now owns 37 shares of the company’s stock worth $90,000 after acquiring an additional 10 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Seaboard during the 4th quarter worth $102,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Price Performance

Shares of NYSEAMERICAN:SEB opened at $2,740.99 on Wednesday. The company’s fifty day moving average price is $2,585.17 and its 200 day moving average price is $2,669.74. Seaboard Co. has a 12 month low of $2,365.00 and a 12 month high of $3,324.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. The firm has a market capitalization of $2.66 billion, a P/E ratio of 30.25 and a beta of 0.36.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $9.00 annualized dividend and a yield of 0.33%. Seaboard’s dividend payout ratio is currently 9.93%.

Seaboard declared that its board has approved a share repurchase plan on Wednesday, May 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.