Seaboard Corporation $SEB Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 26.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 586 shares of the company’s stock after acquiring an additional 121 shares during the period. JPMorgan Chase & Co. owned 0.06% of Seaboard worth $2,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new position in shares of Seaboard during the 3rd quarter worth $554,000. Abel Hall LLC purchased a new position in shares of Seaboard during the 3rd quarter worth $201,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Seaboard by 16.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 42 shares of the company’s stock worth $155,000 after acquiring an additional 6 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Seaboard during the 3rd quarter worth $226,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Seaboard by 3.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,826 shares of the company’s stock worth $6,659,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Stock Down 1.7%

NYSEAMERICAN SEB opened at $5,807.52 on Tuesday. Seaboard Corporation has a 52 week low of $2,437.00 and a 52 week high of $5,932.39. The company has a quick ratio of 1.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $5,206.98 and its 200-day simple moving average is $4,471.90. The firm has a market cap of $5.58 billion, a PE ratio of 11.25 and a beta of 0.28.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Thursday, February 12th. The company reported $262.99 EPS for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.The business had revenue of $2.41 billion for the quarter.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, February 23rd. Seaboard’s payout ratio is currently 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.