Edgestream Partners L.P. Sells 882 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Edgestream Partners L.P. lessened its stake in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 51.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 831 shares of the company's stock after selling 882 shares during the quarter. Edgestream Partners L.P. owned approximately 0.09% of Seaboard worth $2,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SEB. BNP Paribas Financial Markets raised its stake in Seaboard by 122.5% in the third quarter. BNP Paribas Financial Markets now owns 158 shares of the company's stock valued at $496,000 after buying an additional 87 shares during the period. Cerity Partners LLC raised its stake in Seaboard by 263.5% in the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company's stock valued at $4,401,000 after acquiring an additional 1,017 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Seaboard by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company's stock valued at $12,429,000 after purchasing an additional 663 shares during the last quarter. Factorial Partners LLC boosted its position in Seaboard by 44.8% during the third quarter. Factorial Partners LLC now owns 1,756 shares of the company's stock worth $5,509,000 after purchasing an additional 543 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Seaboard by 195.4% in the third quarter. Victory Capital Management Inc. now owns 700 shares of the company's stock valued at $2,196,000 after purchasing an additional 463 shares during the last quarter. 22.57% of the stock is owned by institutional investors.

Seaboard Trading Down 1.5 %

SEB traded down $38.56 on Tuesday, hitting $2,571.00. 1,953 shares of the stock were exchanged, compared to its average volume of 2,794. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. Seaboard Co. has a 12 month low of $2,551.19 and a 12 month high of $3,796.00.

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

Seaboard Dividend Announcement

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 $2.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.35%. Seaboard's dividend payout ratio is currently -273.56%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Seaboard from a "buy" rating to a "hold" rating in a research report 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.