Bank of New York Mellon Corp Lowers Stock Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Bank of New York Mellon Corp decreased its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,997 shares of the company’s stock after selling 264 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of Seaboard worth $4,851,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in shares of Seaboard by 263.5% during the third quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock valued at $4,401,000 after buying an additional 1,017 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Seaboard by 195.4% during the third quarter. Victory Capital Management Inc. now owns 700 shares of the company’s stock valued at $2,196,000 after buying an additional 463 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Seaboard by 1,937.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 163 shares of the company’s stock valued at $396,000 after buying an additional 155 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Seaboard during the fourth quarter valued at about $374,000. Finally, Factorial Partners LLC grew its stake in shares of Seaboard by 44.8% during the third quarter. Factorial Partners LLC now owns 1,756 shares of the company’s stock valued at $5,509,000 after buying an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

NYSEAMERICAN SEB opened at $2,719.86 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.64 billion, a PE ratio of 30.01 and a beta of 0.36. Seaboard Co. has a 1 year low of $2,365.00 and a 1 year high of $3,412.00. The business has a 50-day simple moving average of $2,588.61.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $9.00 annualized dividend and a yield of 0.33%. Seaboard’s payout ratio is 9.93%.

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.