Seaboard Corporation (NYSEAMERICAN:SEB) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 32.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,748 shares of the company’s stock after selling 831 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of Seaboard worth $4,838,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Seaboard by 36.4% in the fourth quarter. Sterling Capital Management LLC now owns 15 shares of the company’s stock valued at $36,000 after acquiring an additional 4 shares during the period. Bfsg LLC increased its holdings in shares of Seaboard by 8.5% in the 1st quarter. Bfsg LLC now owns 77 shares of the company’s stock valued at $208,000 after purchasing an additional 6 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Seaboard by 1,000.0% in the fourth 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 period. Deutsche Bank AG boosted its holdings in Seaboard by 37.0% during the fourth quarter. Deutsche Bank AG now owns 37 shares of the company’s stock worth $90,000 after buying an additional 10 shares in the last quarter. Finally, Quarry LP purchased a new stake in Seaboard during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Stock Performance

Shares of SEB stock opened at $3,013.06 on Friday. The stock has a fifty day moving average price of $2,685.85 and a 200 day moving average price of $2,628.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.46 and a current ratio of 2.52. The stock has a market cap of $2.92 billion, a PE ratio of 29.86 and a beta of 0.15. Seaboard Corporation has a 1 year low of $2,365.00 and a 1 year high of $3,300.00.

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 issued 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 dividend yield of 0.30%. Seaboard’s payout ratio is currently 9.93%.

Seaboard announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.