Russell Investments Group Ltd. lifted its position in Seaboard Co. (NYSEAMERICAN:SEB – Get Rating) by 7,123.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,517 shares of the company’s stock after purchasing an additional 1,496 shares during the period. Russell Investments Group Ltd. owned 0.13% of Seaboard worth $6,378,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Seaboard in the fourth quarter worth approximately $6,909,000. Pinebridge Investments L.P. bought a new position in Seaboard in the fourth quarter worth approximately $2,829,000. First Trust Advisors LP increased its position in shares of Seaboard by 33.1% during the fourth quarter. First Trust Advisors LP now owns 2,475 shares of the company’s stock worth $9,739,000 after purchasing an additional 615 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Seaboard during the fourth quarter worth $2,227,000. Finally, DAVENPORT & Co LLC increased its position in shares of Seaboard by 3.3% during the first quarter. DAVENPORT & Co LLC now owns 6,709 shares of the company’s stock worth $28,214,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 17.67% of the company’s stock.
Seaboard Stock Up 0.6 %
Shares of SEB stock opened at $4,124.98 on Tuesday. The firm has a market cap of $4.78 billion, a PE ratio of 6.77 and a beta of 0.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.65 and a current ratio of 2.72. Seaboard Co. has a 12-month low of $3,535.57 and a 12-month high of $4,400.00.
Seaboard Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, August 12th 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 0.22%. The ex-dividend date of this dividend is Thursday, August 11th. Seaboard’s payout ratio is presently 1.48%.
Seaboard Company Profile
Seaboard Corporation operates as an agribusiness and 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 fresh and frozen pork products to further processors, foodservice operators, grocery stores, and distributors; hogs; and biodiesel.
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