Rhumbline Advisers Grows Position in Seaboard Co. (NYSEAMERICAN:SEB)

Rhumbline Advisers raised its position in Seaboard Co. (NYSEAMERICAN:SEB) by 44.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 913 shares of the company’s stock after acquiring an additional 283 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of Seaboard worth $2,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Herr Investment Group LLC purchased a new stake in Seaboard during the first quarter worth approximately $20,714,000. Edgestream Partners L.P. boosted its holdings in shares of Seaboard by 187.6% in the 1st quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock valued at $7,502,000 after buying an additional 1,518 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Seaboard by 91.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after acquiring an additional 1,421 shares in the last quarter. Private Management Group Inc. raised its stake in Seaboard by 20.3% during the 1st quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock worth $17,351,000 after acquiring an additional 907 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Seaboard in the first quarter valued at $1,847,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Stock Up 0.3 %

Shares of NYSEAMERICAN:SEB opened at $3,158.78 on Thursday. The stock has a market capitalization of $3.06 billion, a PE ratio of 13.12 and a beta of 0.35. Seaboard Co. has a fifty-two week low of $2,955.33 and a fifty-two week high of $3,848.76. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%. The firm 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. Stockholders 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 3.74%.

Analyst Ratings Changes

Separately, StockNews.com cut Seaboard from a “buy” rating to a “hold” rating in a research note on Tuesday.

Seaboard Company 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.