Garner Asset Management Corp Increases Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Garner Asset Management Corp grew its position in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 653 shares of the company's stock after acquiring an additional 205 shares during the quarter. Garner Asset Management Corp owned 0.07% of Seaboard worth $1,587,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Private Management Group Inc. grew its holdings in Seaboard by 30.8% during the fourth quarter. Private Management Group Inc. now owns 8,541 shares of the company's stock worth $20,752,000 after purchasing an additional 2,010 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Seaboard by 46.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company's stock worth $14,092,000 after purchasing an additional 1,838 shares during the period. Barclays PLC increased its holdings in shares of Seaboard by 382.3% in the third quarter. Barclays PLC now owns 1,881 shares of the company's stock valued at $5,900,000 after purchasing an additional 1,491 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Seaboard by 161.4% in the fourth quarter. Edgestream Partners L.P. now owns 2,172 shares of the company's stock valued at $5,277,000 after purchasing an additional 1,341 shares during the period. Finally, Heartland Advisors Inc. lifted its stake in shares of Seaboard by 33.3% during the 4th quarter. Heartland Advisors Inc. now owns 1,600 shares of the company's stock worth $3,887,000 after buying an additional 400 shares during the last quarter. 22.57% of the stock is owned by institutional investors.

Seaboard Stock Performance

Shares of Seaboard stock traded down $25.50 during trading on Friday, reaching $2,556.50. The company's stock had a trading volume of 1,375 shares, compared to its average volume of 2,645. Seaboard Co. has a 52 week low of $2,365.00 and a 52 week high of $3,412.00. The firm has a market cap of $2.48 billion, a PE ratio of 28.21 and a beta of 0.36. The business's 50-day moving average price is $2,681.73 and its 200-day moving average price is $2,710.55. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, February 24th. Seaboard's dividend payout ratio is currently 9.93%.

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.