Allspring Global Investments Holdings LLC Acquires 174 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Allspring Global Investments Holdings LLC grew its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,155 shares of the company’s stock after buying an additional 174 shares during the period. Allspring Global Investments Holdings LLC owned 0.33% of Seaboard worth $9,897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversified Trust Co bought a new position in Seaboard during the 1st quarter worth $484,000. BNP Paribas Financial Markets increased its position in Seaboard by 36.7% during the first quarter. BNP Paribas Financial Markets now owns 67 shares of the company’s stock worth $216,000 after acquiring an additional 18 shares during the period. DAVENPORT & Co LLC raised its stake in Seaboard by 4.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock worth $23,608,000 after purchasing an additional 337 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Seaboard in the 1st quarter valued at about $1,847,000. Finally, Private Management Group Inc. grew its position in shares of Seaboard by 20.3% during the 1st quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock worth $17,351,000 after purchasing an additional 907 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Seaboard Trading Down 0.3 %

Seaboard stock opened at $2,968.77 on Friday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 11.48 and a beta of 0.35. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. Seaboard Co. has a 12 month low of $2,947.00 and a 12 month high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last released 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 firm had revenue of $2.21 billion during the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, August 9th. Seaboard’s dividend payout ratio is presently 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.