Seaboard Corporation (NYSEAMERICAN:SEB) Stock Position Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 32.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,748 shares of the company’s stock after selling 831 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Seaboard were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Seaboard by 46.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company’s stock valued at $14,092,000 after buying an additional 1,838 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Seaboard by 70.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,315 shares of the company’s stock valued at $12,914,000 after acquiring an additional 2,200 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Seaboard by 5.9% during the 4th quarter. American Century Companies Inc. now owns 4,564 shares of the company’s stock valued at $11,089,000 after purchasing an additional 253 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Seaboard by 8.5% in the 4th quarter. Two Sigma Investments LP now owns 4,285 shares of the company’s stock worth $10,411,000 after purchasing an additional 337 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Seaboard by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 3,972 shares of the company’s stock worth $9,654,000 after purchasing an additional 29 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Down 0.1%

SEB stock opened at $3,013.06 on Friday. The firm has a market cap of $2.92 billion, a PE ratio of 29.86 and a beta of 0.15. Seaboard Corporation has a 12 month low of $2,365.00 and a 12 month high of $3,300.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.52 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $2,685.85 and a 200 day simple moving average of $2,628.98.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 8th were paid a $2.25 dividend. The ex-dividend date was Thursday, May 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.30%. Seaboard’s dividend payout ratio is currently 9.93%.

Seaboard announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.