Garner Asset Management Corp Has $1.17 Million Stake in Seaboard Corporation $SEB

Garner Asset Management Corp reduced its position in Seaboard Corporation (NYSEAMERICAN:SEB) by 30.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 407 shares of the company’s stock after selling 175 shares during the quarter. Garner Asset Management Corp’s holdings in Seaboard were worth $1,165,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its position in Seaboard by 1.8% during the first quarter. American Century Companies Inc. now owns 4,648 shares of the company’s stock valued at $12,536,000 after acquiring an additional 84 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Seaboard in the 1st quarter valued at about $442,000. KLP Kapitalforvaltning AS boosted its position in shares of Seaboard by 47.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 349 shares of the company’s stock valued at $999,000 after purchasing an additional 112 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Seaboard by 72.6% during the first quarter. Allianz Asset Management GmbH now owns 404 shares of the company’s stock worth $1,090,000 after purchasing an additional 170 shares during the period. Finally, Nuveen LLC bought a new stake in Seaboard in the first quarter worth approximately $1,440,000. Institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

Shares of SEB opened at $4,647.19 on Thursday. The firm has a market cap of $4.46 billion, a PE ratio of 11.32 and a beta of 0.22. Seaboard Corporation has a 52-week low of $2,365.00 and a 52-week high of $4,728.45. The business’s 50 day moving average price is $3,681.79 and its two-hundred day moving average price is $3,340.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.44.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, October 28th. The company reported $113.71 earnings per share for the quarter. Seaboard had a net margin of 4.04% and a return on equity of 8.21%. The company had revenue of $2.54 billion during the quarter.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were paid 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, November 7th. Seaboard’s payout ratio is 9.93%.

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.