Seaboard Co. (NYSEAMERICAN:SEB) Holdings Raised by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its stake in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,372 shares of the company’s stock after acquiring an additional 337 shares during the period. DAVENPORT & Co LLC owned 0.76% of Seaboard worth $23,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Seaboard by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,037 shares of the company’s stock valued at $7,272,000 after buying an additional 229 shares in the last quarter. Alaska Permanent Fund Corp raised its stake in shares of Seaboard by 165.5% in the 1st quarter. Alaska Permanent Fund Corp now owns 884 shares of the company’s stock valued at $2,850,000 after acquiring an additional 551 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in Seaboard in the 4th quarter worth approximately $1,349,000. American Century Companies Inc. boosted its position in Seaboard by 47.9% during the third quarter. American Century Companies Inc. now owns 1,467 shares of the company’s stock worth $5,506,000 after purchasing an additional 475 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Seaboard by 64.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock worth $5,029,000 after purchasing an additional 610 shares during the period. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Seaboard from a “hold” rating to a “buy” rating in a research note on Friday, May 10th.

Seaboard Stock Down 0.8 %

SEB stock traded down $26.08 during midday trading on Thursday, hitting $3,042.19. The stock had a trading volume of 2,679 shares, compared to its average volume of 3,151. Seaboard Co. has a 52 week low of $2,955.33 and a 52 week high of $3,862.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.55. The stock has a market cap of $2.95 billion, a P/E ratio of 12.78 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $22.66 earnings per share (EPS) for the quarter. The firm had revenue of $2.19 billion during the quarter. Seaboard had a net margin of 2.85% and a return on equity of 5.41%.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were given a $2.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $9.00 dividend on an annualized basis and a yield of 0.30%. Seaboard’s dividend payout ratio (DPR) is presently 3.74%.

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.