State of Alaska Department of Revenue Decreases Stake in Seaboard Co. (NYSEAMERICAN:SEB)

State of Alaska Department of Revenue cut its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEBGet Rating) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 771 shares of the company’s stock after selling 37 shares during the quarter. State of Alaska Department of Revenue’s holdings in Seaboard were worth $2,993,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SEB. MetLife Investment Management LLC purchased a new position in shares of Seaboard during the 1st quarter valued at approximately $25,000. Citigroup Inc. boosted its stake in shares of Seaboard by 36.4% during the 1st quarter. Citigroup Inc. now owns 30 shares of the company’s stock worth $126,000 after acquiring an additional 8 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Seaboard by 45.5% during the 1st quarter. Van ECK Associates Corp now owns 32 shares of the company’s stock worth $135,000 after acquiring an additional 10 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Seaboard during the 1st quarter worth about $185,000. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of Seaboard during the 1st quarter worth about $210,000. 17.67% of the stock is owned by hedge funds and other institutional investors.

Seaboard Price Performance

SEB stock opened at $3,503.02 on Friday. 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 52-week low of $3,488.00 and a 52-week high of $4,400.00. The stock has a market cap of $4.07 billion, a PE ratio of 5.75 and a beta of 0.31.

Seaboard (NYSEAMERICAN:SEBGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $92.53 earnings per share (EPS) for the quarter. Seaboard had a net margin of 8.09% and a return on equity of 17.35%. The business had revenue of $2.97 billion for the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Stockholders of record on Friday, August 12th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Thursday, August 11th. Seaboard’s payout ratio is currently 1.48%.

About Seaboard

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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.

See Also

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Institutional Ownership by Quarter for Seaboard (NYSEAMERICAN:SEB)

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