Allspring Global Investments Holdings LLC Grows Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Allspring Global Investments Holdings LLC grew its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,155 shares of the company's stock after purchasing an additional 174 shares during the period. Allspring Global Investments Holdings LLC owned about 0.33% of Seaboard worth $9,897,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SEB. Diversified Trust Co bought a new position in Seaboard during the first quarter valued at approximately $484,000. BNP Paribas Financial Markets boosted its stake in shares of Seaboard by 36.7% in the 1st quarter. BNP Paribas Financial Markets now owns 67 shares of the company's stock worth $216,000 after buying an additional 18 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Seaboard by 4.8% in the first quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company's stock worth $23,608,000 after acquiring an additional 337 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Seaboard during the first quarter valued at $1,847,000. Finally, Private Management Group Inc. lifted its holdings in Seaboard by 20.3% in the first quarter. Private Management Group Inc. now owns 5,382 shares of the company's stock valued at $17,351,000 after acquiring an additional 907 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Stock Performance

NYSEAMERICAN SEB traded down $7.64 on Friday, reaching $2,968.77. The company had a trading volume of 1,826 shares, compared to its average volume of 2,819. The company has a market cap of $2.88 billion, a P/E ratio of 11.48 and a beta of 0.35. Seaboard Co. has a 12 month low of $2,947.00 and a 12 month high of $3,796.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%. The business had revenue of $2.21 billion for the quarter.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 annualized dividend and a yield of 0.30%. Seaboard's payout ratio is presently 3.48%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Seaboard from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th.

Seaboard Profile

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.