Brandes Investment Partners LP Grows Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Brandes Investment Partners LP increased its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 30.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119 shares of the company’s stock after buying an additional 28 shares during the period. Brandes Investment Partners LP’s holdings in Seaboard were worth $376,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in shares of Seaboard in the 2nd quarter worth approximately $32,000. Innealta Capital LLC bought a new stake in Seaboard in the second quarter valued at $60,000. Covestor Ltd boosted its holdings in shares of Seaboard by 18.5% during the first quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after acquiring an additional 5 shares during the period. Janiczek Wealth Management LLC grew its position in shares of Seaboard by 115.8% during the first quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock worth $132,000 after acquiring an additional 22 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Seaboard in the 2nd quarter worth about $205,000. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Price Performance

SEB opened at $3,137.00 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45. The firm has a market capitalization of $3.04 billion, a PE ratio of 13.03 and a beta of 0.35. Seaboard Co. has a one year low of $2,955.33 and a one year high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data 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 company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were issued a dividend of $2.25 per share. The ex-dividend date was Friday, August 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.29%. Seaboard’s dividend payout ratio is currently 3.74%.

Wall Street Analysts Forecast Growth

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

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.