Private Management Group Inc. Sells 1,149 Shares of Seaboard Corporation $SEB

Private Management Group Inc. lowered its holdings in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 15.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,370 shares of the company’s stock after selling 1,149 shares during the quarter. Private Management Group Inc.’s holdings in Seaboard were worth $28,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SEB. Dimensional Fund Advisors LP boosted its stake in shares of Seaboard by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after acquiring an additional 2,017 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of Seaboard in the 2nd quarter worth $1,616,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Seaboard by 238.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock worth $69,725,000 after purchasing an additional 8,683 shares in the last quarter. Wallace Capital Management Inc. bought a new position in Seaboard in the 2nd quarter worth $30,675,000. Finally, Ieq Capital LLC bought a new position in Seaboard in the 2nd quarter worth $1,250,000. Institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

NYSEAMERICAN SEB opened at $3,913.21 on Friday. The business’s fifty day moving average is $4,451.59 and its 200 day moving average is $4,957.67. Seaboard Corporation has a fifty-two week low of $3,140.01 and a fifty-two week high of $5,989.37. 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 PE ratio of 5.91 and a beta of 0.24.

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

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 14th. Seaboard’s dividend payout ratio is currently 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.