Seaboard Co. (NYSEAMERICAN:SEB) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137 shares of the company’s stock after selling 13 shares during the period. Parallel Advisors LLC’s holdings in Seaboard were worth $433,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dean Capital Management raised its position in Seaboard by 0.7% in the fourth quarter. Dean Capital Management now owns 542 shares of the company’s stock valued at $1,935,000 after purchasing an additional 4 shares during the period. Covestor Ltd raised its position in Seaboard by 18.5% in the first quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after purchasing an additional 5 shares during the period. Bfsg LLC raised its position in Seaboard by 4.2% in the second quarter. Bfsg LLC now owns 124 shares of the company’s stock valued at $392,000 after purchasing an additional 5 shares during the period. Gladius Capital Management LP purchased a new stake in Seaboard in the second quarter valued at approximately $32,000. Finally, Diversified Trust Co raised its position in Seaboard by 8.7% in the second quarter. Diversified Trust Co now owns 163 shares of the company’s stock valued at $515,000 after purchasing an additional 13 shares during the period. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Stock Up 1.0 %

Seaboard stock opened at $3,150.65 on Wednesday. Seaboard Co. has a twelve month low of $2,955.33 and a twelve month high of $3,850.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45. The firm has a market cap of $3.06 billion, a PE ratio of 13.09 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%. The business had revenue of $2.21 billion for the quarter.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.29%. Seaboard’s payout ratio is currently 3.74%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Seaboard from a “buy” rating to a “hold” rating in a research report on Tuesday.

Seaboard 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.