Renaissance Technologies LLC Sells 1,004 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Renaissance Technologies LLC trimmed its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 14.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,801 shares of the company’s stock after selling 1,004 shares during the quarter. Renaissance Technologies LLC owned 0.60% of Seaboard worth $18,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Seaboard by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after purchasing an additional 1,081 shares during the period. Massachusetts Financial Services Co. MA raised its position in Seaboard by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 925 shares of the company’s stock worth $2,924,000 after acquiring an additional 85 shares during the period. American Century Companies Inc. boosted its stake in shares of Seaboard by 8.3% during the 2nd quarter. American Century Companies Inc. now owns 3,725 shares of the company’s stock worth $11,774,000 after acquiring an additional 287 shares during the last quarter. Factorial Partners LLC bought a new stake in shares of Seaboard during the 2nd quarter valued at $3,834,000. Finally, Private Management Group Inc. increased its stake in shares of Seaboard by 16.0% in the 2nd quarter. Private Management Group Inc. now owns 6,242 shares of the company’s stock worth $19,729,000 after purchasing an additional 860 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a report on Tuesday.

Seaboard Stock Performance

Shares of Seaboard stock opened at $3,300.00 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.20 billion, a PE ratio of 13.71 and a beta of 0.35. Seaboard Co. has a twelve month low of $2,955.33 and a twelve month high of $3,825.00.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The firm had revenue of $2.21 billion during the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Seaboard Announces Dividend

The business also recently announced 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. This represents a $9.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, August 9th. Seaboard’s dividend payout ratio is currently 3.74%.

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.