Private Management Group Inc. Boosts Stock Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

by · The Cerbat Gem

Private Management Group Inc. lifted its position in shares of Seaboard Co. (NYSEAMERICAN:SEB – Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,531 shares of the company’s stock after acquiring an additional 289 shares during the period. Private Management Group Inc. owned approximately 0.67% of Seaboard worth $20,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SEB. VELA Investment Management LLC grew its stake in shares of Seaboard by 20.9% in the third quarter. VELA Investment Management LLC now owns 976 shares of the company’s stock worth $3,062,000 after acquiring an additional 169 shares during the period. Farther Finance Advisors LLC bought a new stake in Seaboard in the 3rd quarter worth approximately $50,000. Allspring Global Investments Holdings LLC raised its stake in Seaboard by 5.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,155 shares of the company’s stock valued at $9,897,000 after buying an additional 174 shares during the last quarter. Creative Planning boosted its position in Seaboard by 92.5% in the third quarter. Creative Planning now owns 283 shares of the company’s stock worth $888,000 after purchasing an additional 136 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Seaboard during the 2nd quarter valued at about $275,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Trading Down 3.5 %

Shares of NYSEAMERICAN:SEB traded down $96.87 during trading on Friday, reaching $2,669.14. The company’s stock had a trading volume of 4,425 shares, compared to its average volume of 2,339. The company has a quick ratio of 1.47, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. Seaboard Co. has a 12 month low of $2,650.00 and a 12 month high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB – Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. The firm had revenue of $2.22 billion during 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 announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is presently -273.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Seaboard from a “hold” rating to a “buy” rating in a research note on Tuesday.

Get Our Latest Stock Report on SEB

About Seaboard

(Free Report)

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.

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