Private Management Group Inc. Grows Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Private Management Group Inc. increased its position in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,531 shares of the company's stock after purchasing an additional 289 shares during the quarter. Private Management Group Inc. owned approximately 0.67% of Seaboard worth $20,488,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new position in Seaboard during the first quarter worth $550,000. DAVENPORT & Co LLC grew its stake in Seaboard by 4.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company's stock valued at $23,608,000 after buying an additional 337 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Seaboard in the 1st quarter valued at about $1,847,000. Rhumbline Advisers lifted its position in Seaboard by 44.9% during the second quarter. Rhumbline Advisers now owns 913 shares of the company's stock worth $2,886,000 after acquiring an additional 283 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Seaboard by 2,337.5% during the first quarter. Lazard Asset Management LLC now owns 390 shares of the company's stock worth $1,257,000 after acquiring an additional 374 shares during the period. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Seaboard from a "hold" rating to a "buy" rating in a report on Tuesday.

Seaboard Stock Performance

Seaboard stock traded down $96.87 during midday trading on Friday, reaching $2,669.14. The company's stock had a trading volume of 4,425 shares, compared to its average volume of 2,339. The company has a quick ratio of 1.47, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.59 billion, a PE ratio of -811.29 and a beta of 0.37. Seaboard Co. has a 52 week low of $2,650.00 and a 52 week high of $3,796.00.

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

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, November 8th. Seaboard's payout ratio is currently -273.56%.

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.