Victory Capital Management Inc. lifted its stake in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 195.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the company's stock after buying an additional 463 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Seaboard worth $2,196,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in shares of Seaboard during the second quarter valued at about $32,000. Farther Finance Advisors LLC purchased a new stake in Seaboard during the 3rd quarter worth approximately $50,000. Innealta Capital LLC acquired a new position in shares of Seaboard in the 2nd quarter valued at approximately $60,000. Covestor Ltd boosted its stake in shares of Seaboard by 21.2% during the 3rd quarter. Covestor Ltd now owns 40 shares of the company's stock valued at $127,000 after buying an additional 7 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Seaboard during the second quarter worth approximately $205,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
Seaboard Trading Down 0.5 %
Shares of NYSEAMERICAN SEB traded down $12.00 during mid-day trading on Monday, hitting $2,651.00. The company had a trading volume of 2,662 shares, compared to its average volume of 2,812. Seaboard Co. has a one year low of $2,580.28 and a one year high of $3,796.00. 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 (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%. The business had revenue of $2.22 billion during the quarter.
Seaboard Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $2.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.34%. Seaboard's dividend payout ratio is presently -273.56%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Seaboard from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on SEB
About Seaboard
(
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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