JPMorgan Chase & Co. Sells 101 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

JPMorgan Chase & Co. reduced its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303 shares of the company's stock after selling 101 shares during the quarter. JPMorgan Chase & Co.'s holdings in Seaboard were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SEB. Hsbc Holdings PLC increased its holdings in Seaboard by 12.1% in the second quarter. Hsbc Holdings PLC now owns 362 shares of the company's stock valued at $1,130,000 after buying an additional 39 shares during the last quarter. Sei Investments Co. grew its position in shares of Seaboard by 49.5% in the 2nd quarter. Sei Investments Co. now owns 160 shares of the company's stock worth $506,000 after acquiring an additional 53 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Seaboard in the 2nd quarter valued at approximately $740,000. Squarepoint Ops LLC acquired a new stake in shares of Seaboard during the 2nd quarter valued at approximately $205,000. Finally, AQR Capital Management LLC lifted its stake in Seaboard by 81.4% during the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company's stock worth $28,957,000 after purchasing an additional 4,129 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company's stock.

Seaboard Stock Up 1.7 %

Shares of SEB stock traded up $42.79 during mid-day trading on Friday, hitting $2,509.96. 1,945 shares of the stock traded hands, compared to its average volume of 1,883. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,650.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. The stock has a market cap of $2.43 billion, a PE ratio of -762.90 and a beta of 0.36.

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 business had revenue of $2.22 billion during the quarter.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid 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 0.36%. Seaboard's dividend payout ratio is currently -273.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Seaboard from a "buy" rating to a "hold" rating in a 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.