Seaboard Corporation $SEB Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 943 shares of the company’s stock after acquiring an additional 12 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Seaboard worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SEB. Vanguard Group Inc. boosted its position in shares of Seaboard by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 27,811 shares of the company’s stock valued at $75,010,000 after acquiring an additional 2,792 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Seaboard by 67,325.0% during the 1st quarter. GAMMA Investing LLC now owns 2,697 shares of the company’s stock valued at $7,274,000 after acquiring an additional 2,693 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Seaboard by 70.6% during the 4th quarter. Two Sigma Advisers LP now owns 5,315 shares of the company’s stock valued at $12,914,000 after acquiring an additional 2,200 shares during the last quarter. Millennium Management LLC boosted its position in shares of Seaboard by 201.4% during the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company’s stock valued at $7,126,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Seaboard by 18.4% during the 1st quarter. Private Management Group Inc. now owns 10,111 shares of the company’s stock valued at $27,271,000 after acquiring an additional 1,570 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Stock Up 0.7%

Shares of SEB opened at $3,913.00 on Wednesday. The firm has a market cap of $3.76 billion, a P/E ratio of 27.30 and a beta of 0.21. Seaboard Corporation has a 12-month low of $2,365.00 and a 12-month high of $4,038.54. The company’s 50-day moving average price is $3,498.60 and its 200 day moving average price is $2,962.67. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 8th. Seaboard’s payout ratio is 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 outstanding shares. This repurchase authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock repurchase plans are often 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.