Sumitomo Mitsui Trust Group Inc. Sells 144 Shares of Seaboard Corporation $SEB

Sumitomo Mitsui Trust Group Inc. reduced its position in Seaboard Corporation (NYSEAMERICAN:SEB) by 74.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 49 shares of the company’s stock after selling 144 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Seaboard were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SEB. EverSource Wealth Advisors LLC lifted its holdings in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares during the period. Wells Fargo & Company MN increased its stake in Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after acquiring an additional 3 shares during the last quarter. Empowered Funds LLC acquired a new position in Seaboard during the fourth quarter valued at approximately $58,000. Caitong International Asset Management Co. Ltd acquired a new position in Seaboard during the fourth quarter valued at approximately $93,000. Finally, Farther Finance Advisors LLC lifted its stake in Seaboard by 37.5% during the fourth quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock worth $98,000 after purchasing an additional 6 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Trading Down 1.7%

Shares of SEB stock opened at $4,588.75 on Friday. The stock’s fifty day moving average price is $4,834.16 and its two-hundred day moving average price is $5,049.59. The company has a market cap of $4.41 billion, a PE ratio of 7.56 and a beta of 0.25. Seaboard Corporation has a fifty-two week low of $2,990.00 and a fifty-two week high of $5,989.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 2.38.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 11.42% and a net margin of 5.93%.The company had revenue of $2.40 billion for the quarter.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 25th. Shareholders of record on Friday, May 15th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 15th. Seaboard’s payout ratio is currently 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.