Millennium Management LLC Sells 68 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Millennium Management LLC cut its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 3.6% in the second quarter, HoldingsChannel reports. The fund owned 1,818 shares of the company’s stock after selling 68 shares during the period. Millennium Management LLC’s holdings in Seaboard were worth $5,746,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in shares of Seaboard by 81.4% in the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after acquiring an additional 4,129 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Seaboard during the second quarter worth approximately $1,207,000. Squarepoint Ops LLC bought a new stake in shares of Seaboard during the second quarter worth approximately $205,000. Bank of Montreal Can bought a new stake in shares of Seaboard during the second quarter worth approximately $740,000. Finally, Magnetar Financial LLC bought a new stake in shares of Seaboard during the second quarter worth approximately $253,000. 22.57% of the stock is owned by institutional investors.

Seaboard Price Performance

SEB opened at $3,086.59 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.99 billion, a P/E ratio of 11.93 and a beta of 0.35. Seaboard Co. has a fifty-two week low of $2,955.33 and a fifty-two week high of $3,796.00.

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

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, August 9th. Seaboard’s payout ratio is presently 3.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Seaboard from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

About Seaboard

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.