Dean Investment Associates LLC decreased its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,181 shares of the company's stock after selling 633 shares during the quarter. Dean Investment Associates LLC owned about 0.12% of Seaboard worth $3,705,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in Seaboard in the second quarter valued at $32,000. Farther Finance Advisors LLC acquired a new position in shares of Seaboard during the 3rd quarter valued at about $50,000. Innealta Capital LLC purchased a new position in shares of Seaboard during the 2nd quarter worth about $60,000. Covestor Ltd boosted its position in shares of Seaboard by 21.2% in the third 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. Finally, Squarepoint Ops LLC purchased a new stake in Seaboard in the second quarter valued at approximately $205,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
Seaboard Stock Down 2.6 %
Shares of NYSEAMERICAN SEB traded down $68.31 during midday trading on Friday, reaching $2,586.69. 3,042 shares of the company's stock were exchanged, compared to its average volume of 2,413. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -786.23 and a beta of 0.35. Seaboard Co. has a 52-week low of $2,531.31 and a 52-week high of $3,796.00. 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 (NYSEAMERICAN:SEB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $2.25 per share. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.35%. Seaboard's dividend payout ratio (DPR) is presently -273.56%.
Analysts Set New Price Targets
Separately, StockNews.com lowered Seaboard from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.
Read Our Latest Research Report on SEB
Seaboard Profile
(
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.
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