Martingale Asset Management L P Lowers Stock Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Martingale Asset Management L P reduced its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 61.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207 shares of the company's stock after selling 331 shares during the quarter. Martingale Asset Management L P's holdings in Seaboard were worth $649,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of Seaboard by 122.5% during the third quarter. BNP Paribas Financial Markets now owns 158 shares of the company's stock valued at $496,000 after purchasing an additional 87 shares in the last quarter. Cerity Partners LLC grew its holdings in Seaboard by 263.5% during the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company's stock valued at $4,401,000 after buying an additional 1,017 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 buying an additional 663 shares in the last quarter. Factorial Partners LLC lifted its stake in shares of Seaboard by 44.8% in the 3rd quarter. Factorial Partners LLC now owns 1,756 shares of the company's stock valued at $5,509,000 after purchasing an additional 543 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Seaboard by 195.4% in the 3rd 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 currently owned by institutional investors.

Seaboard Price Performance

NYSEAMERICAN:SEB traded down $38.56 during trading hours on Tuesday, hitting $2,571.00. 1,953 shares of the stock were exchanged, compared to its average volume of 2,794. Seaboard Co. has a 52-week low of $2,551.19 and a 52-week high of $3,796.00. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

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

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, November 8th. Seaboard's dividend payout ratio is currently -273.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.