Victory Capital Management Inc. Boosts Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Victory Capital Management Inc. raised its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237 shares of the company’s stock after buying an additional 38 shares during the quarter. Victory Capital Management Inc.’s holdings in Seaboard were worth $749,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in Seaboard in the second quarter worth $32,000. Innealta Capital LLC bought a new stake in Seaboard during the second quarter valued at about $60,000. Covestor Ltd grew its position in shares of Seaboard by 18.5% in the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after buying an additional 5 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Seaboard by 115.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock valued at $132,000 after purchasing an additional 22 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in 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 purchasing an additional 18 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Seaboard from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

Seaboard Stock Up 3.7 %

Shares of NYSEAMERICAN SEB opened at $3,300.00 on Friday. The firm has a market cap of $3.20 billion, a P/E ratio of 13.71 and a beta of 0.35. Seaboard Co. has a 1-year low of $2,955.33 and a 1-year high of $3,825.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.45 and a quick ratio of 1.47.

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

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were paid a $2.25 dividend. 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 (DPR) is 3.74%.

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.