Caxton Associates LP bought a new position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 382 shares of the company's stock, valued at approximately $1,207,000.
Other hedge funds have also made changes to their positions in the company. Gladius Capital Management LP bought a new position in Seaboard in the second quarter worth about $32,000. Innealta Capital LLC bought a new position in Seaboard during the second quarter valued at about $60,000. Covestor Ltd lifted its holdings in Seaboard by 18.5% in the 1st quarter. Covestor Ltd now owns 32 shares of the company's stock valued at $106,000 after acquiring an additional 5 shares during the last quarter. Janiczek Wealth Management LLC grew its position in Seaboard by 115.8% in the first quarter. Janiczek Wealth Management LLC now owns 41 shares of the company's stock worth $132,000 after buying an additional 22 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Seaboard during the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 22.57% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered Seaboard from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th.
Check Out Our Latest Analysis on Seaboard
Seaboard Trading Up 0.8 %
NYSEAMERICAN:SEB traded up $24.47 during trading hours on Thursday, reaching $3,176.47. 1,930 shares of the stock were exchanged, compared to its average volume of 2,855. Seaboard Co. has a twelve month low of $2,955.33 and a twelve month high of $3,799.93. The company has a market cap of $3.08 billion, a P/E ratio of 13.17 and a beta of 0.35. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21.
Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 earnings per share (EPS) for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%. The firm had revenue of $2.21 billion for the quarter.
Seaboard Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.28%. Seaboard's payout ratio is presently 3.74%.
Seaboard Company Profile
(
Free Report)
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.
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