Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in Seaboard Corporation $SEB

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 798 shares of the company’s stock, valued at approximately $3,563,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Seaboard by 28.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company’s stock valued at $2,352,000 after buying an additional 193 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Seaboard by 97.0% during the second quarter. JPMorgan Chase & Co. now owns 465 shares of the company’s stock worth $1,330,000 after acquiring an additional 229 shares during the last quarter. Legal & General Group Plc increased its position in shares of Seaboard by 5.3% during the second quarter. Legal & General Group Plc now owns 376 shares of the company’s stock worth $1,076,000 after acquiring an additional 19 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Seaboard by 3.1% in the second quarter. M&T Bank Corp now owns 99 shares of the company’s stock worth $284,000 after acquiring an additional 3 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Seaboard by 15.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,229 shares of the company’s stock worth $3,516,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Trading Down 0.9%

Shares of SEB opened at $3,913.21 on Friday. Seaboard Corporation has a one year low of $3,140.01 and a one year high of $5,989.37. The stock has a 50-day moving average price of $4,451.59 and a 200 day moving average price of $4,957.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. The company has a market capitalization of $3.76 billion, a P/E ratio of 5.91 and a beta of 0.24.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The company had revenue of $2.92 billion for the quarter.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Seaboard Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.