Seaboard Co. (NYSEAMERICAN:SEB) Stock Position Lowered by Millennium Management LLC

Millennium Management LLC lessened its position in Seaboard Co. (NYSEAMERICAN:SEB) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,818 shares of the company’s stock after selling 68 shares during the quarter. Millennium Management LLC owned approximately 0.19% of Seaboard worth $5,746,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Herr Investment Group LLC purchased a new stake in Seaboard in the 1st quarter worth approximately $20,714,000. AQR Capital Management LLC lifted its position in Seaboard by 81.4% in the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after buying an additional 4,129 shares in the last quarter. Edgestream Partners L.P. lifted its position in Seaboard by 187.6% in the 1st quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock worth $7,502,000 after buying an additional 1,518 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Seaboard by 91.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after buying an additional 1,421 shares in the last quarter. Finally, Factorial Partners LLC purchased a new stake in Seaboard in the 2nd quarter worth approximately $3,834,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

Seaboard Stock Performance

NYSEAMERICAN SEB opened at $3,086.59 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.93 and a beta of 0.35. Seaboard Co. has a 52-week low of $2,955.33 and a 52-week high of $3,796.00.

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

Seaboard Announces Dividend

The firm also recently disclosed 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. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, August 9th. Seaboard’s payout ratio is 3.48%.

About Seaboard

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.