Seaboard Corporation $SEB Stock Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 11.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,600 shares of the company’s stock after selling 200 shares during the period. Hennessy Advisors Inc.’s holdings in Seaboard were worth $6,317,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SEB. BlackRock Inc. purchased a new position in shares of Seaboard in the second quarter worth $106,318,000. Arrowstreet Capital Limited Partnership lifted its stake in Seaboard by 238.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after acquiring an additional 8,683 shares during the period. Wallace Capital Management Inc. purchased a new stake in shares of Seaboard during the 2nd quarter valued at about $30,675,000. Kahn Brothers Group Inc. bought a new stake in shares of Seaboard in the second quarter worth approximately $24,058,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Seaboard by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock valued at $266,222,000 after purchasing an additional 2,017 shares during the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Stock Down 4.0%

Shares of Seaboard stock opened at $3,733.72 on Tuesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 5.64 and a beta of 0.21. The company’s 50 day moving average is $4,047.40 and its 200 day moving average is $4,754.00. Seaboard Corporation has a twelve month low of $3,323.20 and a twelve month high of $5,989.37. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18.

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

Seaboard Profile

Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.

In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company’s commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.

Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.