Allspring Global Investments Holdings LLC decreased its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,579 shares of the company's stock after selling 576 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.27% of Seaboard worth $6,247,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in SEB. Creative Planning grew its holdings in Seaboard by 92.5% during the 3rd quarter. Creative Planning now owns 283 shares of the company's stock worth $888,000 after acquiring an additional 136 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Seaboard during the 3rd quarter worth about $50,000. VELA Investment Management LLC grew its holdings in Seaboard by 20.9% during the 3rd quarter. VELA Investment Management LLC now owns 976 shares of the company's stock worth $3,062,000 after acquiring an additional 169 shares during the last quarter. Private Management Group Inc. grew its holdings in Seaboard by 4.6% during the 3rd quarter. Private Management Group Inc. now owns 6,531 shares of the company's stock worth $20,488,000 after acquiring an additional 289 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Seaboard by 21.2% during the 3rd quarter. Covestor Ltd now owns 40 shares of the company's stock worth $127,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 22.57% of the company's stock.
Seaboard Stock Performance
Shares of NYSEAMERICAN:SEB traded down $43.34 during mid-day trading on Friday, reaching $2,872.21. The stock had a trading volume of 2,287 shares, compared to its average volume of 2,622. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 31.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,600.94.
Seaboard Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $9.00 annualized dividend and a yield of 0.31%. Seaboard's dividend payout ratio (DPR) is currently 9.93%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Seaboard from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.
Read Our Latest Stock Analysis on SEB
About Seaboard
(
Free Report)
Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.
See Also
Before you consider Seaboard, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seaboard wasn't on the list.
While Seaboard currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
