Geode Capital Management LLC Has $12.37 Million Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Geode Capital Management LLC grew its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,943 shares of the company’s stock after purchasing an additional 81 shares during the period. Geode Capital Management LLC’s holdings in Seaboard were worth $12,373,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in 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 buying an additional 4,129 shares during the last quarter. Barclays PLC increased its stake in shares of Seaboard by 382.3% during the 3rd quarter. Barclays PLC now owns 1,881 shares of the company’s stock worth $5,900,000 after purchasing an additional 1,491 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Seaboard by 81.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock worth $9,772,000 after purchasing an additional 1,400 shares during the last quarter. Factorial Partners LLC bought a new position in shares of Seaboard during the 2nd quarter valued at $3,834,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Seaboard by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock valued at $145,358,000 after purchasing an additional 1,081 shares during the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Seaboard Stock Performance

SEB opened at $2,429.66 on Wednesday. The company has a market capitalization of $2.36 billion, a P/E ratio of -738.50 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. The firm had revenue of $2.22 billion during 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 declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Friday, November 8th. Seaboard’s dividend payout ratio is currently -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.