Lazard Asset Management LLC Buys 9 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Lazard Asset Management LLC lifted its stake in shares of Seaboard Co. (NYSEAMERICAN:SEBGet Rating) by 64.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23 shares of the company’s stock after acquiring an additional 9 shares during the quarter. Lazard Asset Management LLC’s holdings in Seaboard were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. MetLife Investment Management LLC bought a new stake in Seaboard in the first quarter worth approximately $25,000. Citigroup Inc. increased its holdings in Seaboard by 36.4% in the first quarter. Citigroup Inc. now owns 30 shares of the company’s stock worth $126,000 after purchasing an additional 8 shares in the last quarter. Van ECK Associates Corp increased its holdings in Seaboard by 45.5% in the first quarter. Van ECK Associates Corp now owns 32 shares of the company’s stock worth $135,000 after purchasing an additional 10 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new stake in Seaboard in the second quarter worth approximately $140,000. Finally, Amalgamated Bank bought a new stake in Seaboard in the first quarter worth approximately $185,000. 17.67% of the stock is currently owned by institutional investors.

Seaboard Trading Down 0.6 %

Shares of SEB stock opened at $3,923.46 on Thursday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 6.44 and a beta of 0.31. The company has a quick ratio of 1.65, a current ratio of 2.72 and a debt-to-equity ratio of 0.17. Seaboard Co. has a fifty-two week low of $3,295.00 and a fifty-two week high of $4,394.25.

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Friday, November 11th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $9.00 dividend on an annualized basis and a yield of 0.23%. Seaboard’s dividend payout ratio (DPR) is presently 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.

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Institutional Ownership by Quarter for Seaboard (NYSEAMERICAN:SEB)

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