Inceptionr LLC bought a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm bought 111 shares of the company’s stock, valued at approximately $628,000.
Other large investors have also modified their holdings of the company. KBC Group NV purchased a new stake in Seaboard in the first quarter valued at $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Seaboard by 160.0% during the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after purchasing an additional 3 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Seaboard during the fourth quarter worth about $58,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Seaboard in the 1st quarter valued at about $62,000. Institutional investors and hedge funds own 22.57% of the company’s stock.
Seaboard Stock Up 2.0%
Shares of NYSEAMERICAN SEB opened at $4,714.45 on Friday. The business has a 50-day moving average price of $4,827.29 and a 200 day moving average price of $5,051.86. The stock has a market cap of $4.53 billion, a PE ratio of 7.76 and a beta of 0.25. The company has a quick ratio of 1.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.18. Seaboard Corporation has a 52-week low of $3,081.22 and a 52-week high of $5,989.37.
Seaboard Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 25th. Investors of record on Friday, May 15th were given a $2.25 dividend. The ex-dividend date was Friday, May 15th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.
Seaboard 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.
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