State Street Corp Boosts Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

State Street Corp grew its stake in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 0.2% in the third quarter, Holdings Channel reports. The fund owned 4,247 shares of the company’s stock after acquiring an additional 7 shares during the quarter. State Street Corp’s holdings in Seaboard were worth $13,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Readystate Asset Management LP grew its stake in Seaboard by 135.8% in the 3rd quarter. Readystate Asset Management LP now owns 316 shares of the company’s stock valued at $991,000 after buying an additional 182 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Seaboard by 122.5% during the third quarter. BNP Paribas Financial Markets now owns 158 shares of the company’s stock valued at $496,000 after acquiring an additional 87 shares in the last quarter. Cerity Partners LLC boosted its stake in Seaboard by 263.5% during the third quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock valued at $4,401,000 after buying an additional 1,017 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Seaboard by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company’s stock worth $12,429,000 after acquiring an additional 663 shares during the last quarter. Finally, Factorial Partners LLC grew its holdings in shares of Seaboard by 44.8% during the third quarter. Factorial Partners LLC now owns 1,756 shares of the company’s stock worth $5,509,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

SEB stock opened at $2,484.47 on Thursday. Seaboard Co. has a one year low of $2,413.00 and a one year high of $3,796.00. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -755.16 and a beta of 0.35. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

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

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 dividend yield of 0.36%. Seaboard’s dividend payout ratio is currently -273.56%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Seaboard from a “buy” rating to a “hold” rating in a research 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.