Seaboard Co. (NYSEAMERICAN:SEB) Shares Sold by Sanders Morris Harris LLC

Sanders Morris Harris LLC reduced its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162 shares of the company’s stock after selling 20 shares during the period. Sanders Morris Harris LLC’s holdings in Seaboard were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SEB. AQR Capital Management LLC grew its stake in Seaboard by 81.4% during the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock valued at $28,957,000 after purchasing an additional 4,129 shares during the last quarter. Barclays PLC grew its stake in Seaboard by 382.3% during the 3rd quarter. Barclays PLC now owns 1,881 shares of the company’s stock valued at $5,900,000 after purchasing an additional 1,491 shares during the last quarter. Two Sigma Advisers LP grew its stake in Seaboard by 81.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock valued at $9,772,000 after purchasing an additional 1,400 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Seaboard by 2.4% during 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. Finally, Cerity Partners LLC grew its stake in Seaboard by 263.5% during the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock valued at $4,401,000 after purchasing an additional 1,017 shares during the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Stock Performance

SEB stock traded down $8.37 during mid-day trading on Thursday, reaching $2,452.50. 31 shares of the company’s stock were exchanged, compared to its average volume of 1,873. The company has a market capitalization of $2.38 billion, a P/E ratio of -745.44 and a beta of 0.36. 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 Co. has a 12-month low of $2,365.00 and a 12-month high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The business 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 company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $2.25 per share. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.37%. Seaboard’s payout ratio is currently -273.56%.

Analyst Ratings Changes

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

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.