Seaboard Co. (NYSEAMERICAN:SEB) Holdings Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105 shares of the company’s stock after selling 11 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Seaboard were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Seaboard by 411.2% during the 3rd quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock valued at $7,866,000 after purchasing an additional 1,686 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Seaboard by 12.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock valued at $5,348,000 after buying an additional 161 shares during the last quarter. New York State Common Retirement Fund grew its stake in Seaboard by 5.8% in the 3rd quarter. New York State Common Retirement Fund now owns 605 shares of the company’s stock valued at $2,271,000 after buying an additional 33 shares during the last quarter. Deutsche Bank AG grew its stake in Seaboard by 15,133,323.3% in the 3rd quarter. Deutsche Bank AG now owns 4,540,027 shares of the company’s stock valued at $17,038,721,000 after buying an additional 4,539,997 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in Seaboard in the 3rd quarter worth $300,000. Institutional investors own 22.57% of the company’s stock.

Seaboard Stock Down 0.3 %

Shares of NYSEAMERICAN SEB opened at $3,199.90 on Thursday. Seaboard Co. has a 1-year low of $3,145.02 and a 1-year high of $4,080.11. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.67 and a beta of 0.41. The company has a quick ratio of 1.42, a current ratio of 2.52 and a debt-to-equity ratio of 0.22.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, February 13th. The company reported $64.67 earnings per share for the quarter. Seaboard had a net margin of 2.36% and a return on equity of 4.55%. The company had revenue of $2.28 billion during the quarter.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 23rd were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 22nd. Seaboard’s dividend payout ratio (DPR) is 4.41%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TheStreet lowered shares of Seaboard from a “b” rating to a “c+” rating in a research report on Thursday, February 15th. StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th.

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.