Victory Capital Management Inc. Boosts Stake in Seaboard Co. (NYSEAMERICAN:SEB)

Victory Capital Management Inc. grew its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 195.4% during the third quarter, Holdings Channel reports. The firm owned 700 shares of the company’s stock after purchasing an additional 463 shares during the quarter. Victory Capital Management Inc.’s holdings in Seaboard were worth $2,196,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SEB. Gladius Capital Management LP acquired a new stake in Seaboard in the second quarter valued at approximately $32,000. Farther Finance Advisors LLC purchased a new stake in shares of Seaboard during the 3rd quarter worth $50,000. Innealta Capital LLC purchased a new position in Seaboard in the second quarter valued at $60,000. Covestor Ltd raised its stake in Seaboard by 21.2% in the third quarter. Covestor Ltd now owns 40 shares of the company’s stock valued at $127,000 after buying an additional 7 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Seaboard during the 2nd quarter worth about $205,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Price Performance

Shares of Seaboard stock opened at $2,663.00 on Monday. Seaboard Co. has a 1 year low of $2,580.28 and a 1 year high of $3,796.00. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -809.42 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%. The company had revenue of $2.22 billion during the quarter.

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $2.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. Seaboard’s payout ratio is currently -273.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Seaboard from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

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.