VELA Investment Management LLC Lowers Stock Position in Seaboard Corporation $SEB

VELA Investment Management LLC lowered its position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 610 shares of the company’s stock after selling 101 shares during the period. VELA Investment Management LLC’s holdings in Seaboard were worth $2,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Seaboard by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 27,267 shares of the company’s stock valued at $121,197,000 after buying an additional 434 shares during the period. M&T Bank Corp lifted its position in Seaboard by 14,586.5% during the fourth quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock valued at $67,890,000 after buying an additional 15,170 shares during the period. American Century Companies Inc. lifted its position in Seaboard by 6.5% during the third quarter. American Century Companies Inc. now owns 5,844 shares of the company’s stock valued at $21,313,000 after buying an additional 359 shares during the period. Qube Research & Technologies Ltd lifted its position in Seaboard by 3.5% during the third quarter. Qube Research & Technologies Ltd now owns 1,826 shares of the company’s stock valued at $6,659,000 after buying an additional 61 shares during the period. Finally, Invesco Ltd. lifted its position in Seaboard by 69.7% during the third quarter. Invesco Ltd. now owns 1,487 shares of the company’s stock valued at $5,423,000 after buying an additional 611 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Stock Performance

Shares of Seaboard stock opened at $5,574.84 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.35 billion, a P/E ratio of 10.80 and a beta of 0.27. The business has a fifty day simple moving average of $5,385.98 and a two-hundred day simple moving average of $4,737.96. Seaboard Corporation has a 12 month low of $2,437.00 and a 12 month high of $5,989.37.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $262.99 EPS for the quarter. The business had revenue of $2.41 billion during the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, February 23rd. Seaboard’s payout ratio is currently 9.93%.

Seaboard 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.