Magnetar Financial LLC Purchases Shares of 239 Seaboard Co. (NYSEAMERICAN:SEB)

Magnetar Financial LLC purchased a new stake in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 239 shares of the company's stock, valued at approximately $581,000.

A number of other institutional investors also recently modified their holdings of the company. Private Management Group Inc. boosted its holdings in Seaboard by 30.8% in the 4th quarter. Private Management Group Inc. now owns 8,541 shares of the company's stock valued at $20,752,000 after purchasing an additional 2,010 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Seaboard by 46.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company's stock valued at $14,092,000 after buying an additional 1,838 shares during the period. Geode Capital Management LLC grew its position in Seaboard by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,943 shares of the company's stock worth $12,373,000 after buying an additional 81 shares in the last quarter. Two Sigma Advisers LP grew its position in Seaboard by 81.6% during the third quarter. Two Sigma Advisers LP now owns 3,115 shares of the company's stock worth $9,772,000 after buying an additional 1,400 shares in the last quarter. Finally, Edgestream Partners L.P. increased its stake in Seaboard by 161.4% during the fourth quarter. Edgestream Partners L.P. now owns 2,172 shares of the company's stock valued at $5,277,000 after acquiring an additional 1,341 shares during the period. Institutional investors own 22.57% of the company's stock.

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Seaboard Stock Down 0.5 %

Shares of SEB stock traded down $12.20 during mid-day trading on Wednesday, reaching $2,637.80. The stock had a trading volume of 1,151 shares, compared to its average volume of 2,697. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 29.11 and a beta of 0.36. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. Seaboard Co. has a one year low of $2,365.00 and a one year high of $3,412.00. The company has a 50 day moving average of $2,621.18.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were paid a $2.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. Seaboard's 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.