Victory Capital Management Inc. Has $731,000 Stake in Seaboard Corporation (NYSEAMERICAN:SEB)

Victory Capital Management Inc. boosted its holdings in Seaboard Corporation (NYSEAMERICAN:SEB) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271 shares of the company’s stock after buying an additional 8 shares during the period. Victory Capital Management Inc.’s holdings in Seaboard were worth $731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in shares of Seaboard by 9.4% in the 4th quarter. Sei Investments Co. now owns 186 shares of the company’s stock valued at $452,000 after acquiring an additional 16 shares during the period. Geode Capital Management LLC boosted its position in shares of Seaboard by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,972 shares of the company’s stock worth $9,654,000 after purchasing an additional 29 shares in the last quarter. Quadrant Capital Group LLC grew its holdings 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 buying an additional 10 shares during the period. Cerity Partners LLC grew its holdings in shares of Seaboard by 10.8% in the 4th quarter. Cerity Partners LLC now owns 1,554 shares of the company’s stock valued at $3,776,000 after buying an additional 151 shares during the period. Finally, Invesco Ltd. increased its position in shares of Seaboard by 15.3% in the 4th quarter. Invesco Ltd. now owns 951 shares of the company’s stock valued at $2,311,000 after buying an additional 126 shares in the last quarter. 22.57% of the stock is owned by institutional investors.

Seaboard Stock Performance

SEB stock opened at $3,168.58 on Friday. Seaboard Corporation has a 1-year low of $2,365.00 and a 1-year high of $3,300.00. The business’s 50-day moving average price is $2,905.10 and its two-hundred day moving average price is $2,681.44. The firm has a market cap of $3.04 billion, a PE ratio of 22.11 and a beta of 0.19. The company has a current ratio of 2.40, a quick ratio of 1.46 and a debt-to-equity ratio of 0.20.

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

Seaboard Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be paid a dividend of $2.25 per share. This represents a yield of 28.0%. The ex-dividend date of this dividend is Friday, August 8th. Seaboard’s dividend payout ratio is presently 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.