Lazard Asset Management LLC Decreases Stake in Seaboard Corporation $SEB

Lazard Asset Management LLC lowered its stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 95.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 49 shares of the company’s stock after selling 953 shares during the quarter. Lazard Asset Management LLC’s holdings in Seaboard were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV purchased a new position in Seaboard in the first quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $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 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after purchasing an additional 3 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Seaboard in the 4th quarter worth approximately $58,000. Finally, Fifth Third Bancorp bought a new position in shares of Seaboard in the 1st quarter worth approximately $62,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Stock Performance

SEB opened at $4,240.64 on Friday. The company’s 50 day moving average is $4,724.36 and its 200 day moving average is $5,043.73. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 6.41 and a beta of 0.24. Seaboard Corporation has a 12-month low of $3,140.01 and a 12-month high of $5,989.37.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. The business had revenue of $2.92 billion for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Friday, August 14th will be given a dividend of $2.25 per share. The ex-dividend date is Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s payout ratio is 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.