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

Private Management Group Inc. lifted its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) 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) 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.

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.