Summit Global Investments Invests $436,000 in Seaboard Co. (NYSEAMERICAN:SEB)

Summit Global Investments bought a new stake in Seaboard Co. (NYSEAMERICAN:SEB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 122 shares of the company’s stock, valued at approximately $436,000.

Several other hedge funds have also bought and sold shares of SEB. Bank of New York Mellon Corp boosted its holdings in shares of Seaboard by 12.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock worth $5,348,000 after purchasing an additional 161 shares in the last quarter. Strs Ohio raised its stake in shares of Seaboard by 8.6% during the third quarter. Strs Ohio now owns 456 shares of the company’s stock worth $1,711,000 after acquiring an additional 36 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Seaboard in the 3rd quarter worth approximately $300,000. Private Management Group Inc. boosted its stake in shares of Seaboard by 1.5% in the 3rd quarter. Private Management Group Inc. now owns 3,886 shares of the company’s stock valued at $14,584,000 after purchasing an additional 56 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in shares of Seaboard during the 3rd quarter valued at $300,000. 22.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on SEB shares. StockNews.com raised Seaboard from a “hold” rating to a “buy” rating in a research note on Saturday. TheStreet cut shares of Seaboard from a “b” rating to a “c+” rating in a research report on Thursday, February 15th.

Seaboard Stock Performance

Shares of SEB stock opened at $3,220.01 on Monday. Seaboard Co. has a 12 month low of $3,048.01 and a 12 month high of $3,942.64. The firm has a market cap of $3.12 billion, a PE ratio of 13.38 and a beta of 0.38. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $64.67 earnings per share for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%. The company had revenue of $2.28 billion for the quarter.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, May 9th. Seaboard’s payout ratio is 3.74%.

Seaboard Company Profile

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.