Kahn Brothers Group Inc. Makes New $24.06 Million Investment in Seaboard Corporation $SEB

Kahn Brothers Group Inc. bought a new stake in Seaboard Corporation (NYSEAMERICAN:SEB) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,389 shares of the company’s stock, valued at approximately $24,058,000. Seaboard makes up 0.0% of Kahn Brothers Group Inc.’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV bought a new stake in shares of Seaboard during the first quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Seaboard by 33.3% during the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after purchasing an additional 3 shares during the period. Empowered Funds LLC bought a new stake in shares of Seaboard during the 4th quarter worth $58,000. Finally, Fifth Third Bancorp purchased a new position in shares of Seaboard in the 1st quarter worth about $62,000. Institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

SEB opened at $3,949.85 on Friday. The firm has a market cap of $3.79 billion, a P/E ratio of 5.97 and a beta of 0.24. The firm has a 50-day moving average of $4,469.22 and a 200 day moving average of $4,965.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. Seaboard Corporation has a fifty-two week low of $3,140.01 and a fifty-two week high of $5,989.37.

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

Seaboard Dividend Announcement

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

Seaboard Company 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.