Massachusetts Financial Services Co. MA Lowers Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Massachusetts Financial Services Co. MA cut its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 51.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 453 shares of the company's stock after selling 472 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Seaboard were worth $1,421,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Factorial Partners LLC boosted its position in shares of Seaboard by 44.8% in the 3rd quarter. Factorial Partners LLC now owns 1,756 shares of the company's stock worth $5,509,000 after purchasing an additional 543 shares in the last quarter. Victory Capital Management Inc. raised its stake in 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 buying an additional 463 shares during the last quarter. Versor Investments LP acquired a new stake in Seaboard in the third quarter worth about $216,000. Diamond Hill Capital Management Inc. grew its stake in shares of Seaboard by 27.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 509 shares of the company's stock worth $1,597,000 after acquiring an additional 110 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Seaboard by 21.2% during the third quarter. Covestor Ltd now owns 40 shares of the company's stock valued at $127,000 after acquiring an additional 7 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Price Performance

Seaboard stock traded up $19.91 during trading on Thursday, reaching $2,639.89. The company had a trading volume of 2,409 shares, compared to its average volume of 2,809. The stock has a market capitalization of $2.56 billion, a P/E ratio of -802.16 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. Seaboard Co. has a 1-year low of $2,559.07 and a 1-year high of $3,796.00.

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

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Friday, November 8th. Seaboard's 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.