Victory Capital Management Inc. Raises Position in Seaboard Co. (NYSEAMERICAN:SEB)

Victory Capital Management Inc. lifted its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 195.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 700 shares of the company’s stock after buying an additional 463 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Seaboard worth $2,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in shares of Seaboard in the 2nd quarter worth about $32,000. Farther Finance Advisors LLC purchased a new position in shares of Seaboard in the third quarter valued at about $50,000. Innealta Capital LLC bought a new position in shares of Seaboard during the second quarter worth $60,000. Covestor Ltd increased its holdings in shares of Seaboard by 21.2% in the third quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after purchasing an additional 7 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Seaboard in the second quarter worth $205,000. Institutional investors own 22.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Seaboard from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Seaboard Stock Down 0.4 %

Shares of SEB stock opened at $2,663.00 on Monday. Seaboard Co. has a 12-month low of $2,580.28 and a 12-month high of $3,796.00. The firm has a market cap of $2.58 billion, a PE ratio of -809.42 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. The business had revenue of $2.22 billion for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, November 8th. Seaboard’s dividend payout ratio is presently -273.56%.

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.