Connor Clark & Lunn Investment Management Ltd. Decreases Position in Seaboard Co. (NYSEAMERICAN:SEB)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 35.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454 shares of the company's stock after selling 250 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Seaboard were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SEB. Dimensional Fund Advisors LP grew its holdings in shares of Seaboard by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company's stock worth $145,358,000 after acquiring an additional 1,081 shares during the period. Vanguard Group Inc. grew its holdings in Seaboard by 0.3% during the first quarter. Vanguard Group Inc. now owns 23,189 shares of the company's stock valued at $74,759,000 after purchasing an additional 66 shares during the period. AQR Capital Management LLC grew its holdings in Seaboard by 81.4% during the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company's stock valued at $28,957,000 after purchasing an additional 4,129 shares during the period. Private Management Group Inc. grew its holdings in Seaboard by 4.6% during the third quarter. Private Management Group Inc. now owns 6,531 shares of the company's stock valued at $20,488,000 after purchasing an additional 289 shares during the period. Finally, American Century Companies Inc. grew its holdings in Seaboard by 8.3% during the second quarter. American Century Companies Inc. now owns 3,725 shares of the company's stock valued at $11,774,000 after purchasing an additional 287 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Price Performance

Shares of NYSEAMERICAN SEB opened at $2,623.93 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. Seaboard Co. has a fifty-two week low of $2,559.07 and a fifty-two week high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%. The firm had revenue of $2.22 billion during the quarter.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 annualized dividend and a yield of 0.34%. Seaboard's dividend payout ratio (DPR) is presently -273.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Seaboard from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.

About Seaboard

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.