Wallace Capital Management Inc. Makes New Investment in Seaboard Corporation $SEB

Wallace Capital Management Inc. bought a new stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB) in the second quarter, Holdings Channel reports. The fund bought 6,871 shares of the company’s stock, valued at approximately $30,675,000. Seaboard makes up approximately 3.4% of Wallace Capital Management Inc.’s holdings, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Seaboard by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after purchasing an additional 2,017 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Seaboard by 238.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after purchasing an additional 8,683 shares during the period. Quantinno Capital Management LP grew its position in shares of Seaboard by 200.9% during the 1st quarter. Quantinno Capital Management LP now owns 683 shares of the company’s stock valued at $3,862,000 after purchasing an additional 456 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Seaboard by 108.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,045 shares of the company’s stock valued at $4,645,000 after purchasing an additional 543 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in shares of Seaboard in the first quarter worth $4,071,000. 22.57% of the stock is currently owned by institutional investors.

Seaboard Trading Down 2.6%

Shares of SEB stock opened at $4,026.77 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. Seaboard Corporation has a 52-week low of $3,140.01 and a 52-week high of $5,989.37. The company has a market capitalization of $3.87 billion, a PE ratio of 6.08 and a beta of 0.24. The business’s fifty day moving average is $4,486.13 and its 200 day moving average is $4,975.48.

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 return on equity of 12.03% and a net margin of 6.17%.

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard’s payout ratio is presently 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.