Connor Clark & Lunn Investment Management Ltd. Sells 250 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 35.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454 shares of the company’s stock after selling 250 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Seaboard were worth $1,424,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bfsg LLC increased its position in shares of Seaboard by 4.2% during the 2nd quarter. Bfsg LLC now owns 124 shares of the company’s stock worth $392,000 after purchasing an additional 5 shares during the last quarter. Covestor Ltd increased its holdings in Seaboard by 21.2% during the third quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after buying an additional 7 shares during the last quarter. Gladius Capital Management LP acquired a new position in Seaboard during the second quarter worth $32,000. The Manufacturers Life Insurance Company raised its position in Seaboard by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 250 shares of the company’s stock worth $790,000 after acquiring an additional 10 shares in the last quarter. Finally, Diversified Trust Co lifted its stake 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 acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Seaboard Price Performance

Shares of SEB opened at $2,623.93 on Wednesday. The stock has a market capitalization of $2.55 billion, a PE ratio of -794.01 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. Seaboard Co. has a fifty-two week low of $2,559.07 and a fifty-two week high of $3,796.00.

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

Seaboard Dividend Announcement

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

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.