Brandes Investment Partners LP Makes New $207,000 Investment in Seaboard Co. (NYSEAMERICAN:SEB)

Brandes Investment Partners LP purchased a new position in shares of Seaboard Co. (NYSEAMERICAN:SEB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SEB. Legato Capital Management LLC increased its stake in shares of Seaboard by 0.7% during the fourth quarter. Legato Capital Management LLC now owns 542 shares of the company’s stock worth $1,935,000 after buying an additional 4 shares during the period. Bfsg LLC increased its stake in shares of Seaboard by 3.8% during the fourth quarter. Bfsg LLC now owns 110 shares of the company’s stock worth $393,000 after buying an additional 4 shares during the period. Pzena Investment Management LLC boosted its holdings in Seaboard by 6.8% in the third quarter. Pzena Investment Management LLC now owns 78 shares of the company’s stock valued at $293,000 after purchasing an additional 5 shares in the last quarter. Swiss National Bank boosted its holdings in Seaboard by 0.9% in the third quarter. Swiss National Bank now owns 638 shares of the company’s stock valued at $2,394,000 after purchasing an additional 6 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in Seaboard by 90.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 19 shares of the company’s stock valued at $68,000 after purchasing an additional 9 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Price Performance

Shares of NYSEAMERICAN SEB traded down $5.11 during mid-day trading on Wednesday, hitting $3,365.64. 380 shares of the company were exchanged, compared to its average volume of 3,247. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.55. Seaboard Co. has a 1-year low of $3,048.01 and a 1-year high of $3,942.64. The company has a market cap of $3.26 billion, a PE ratio of 14.01 and a beta of 0.38.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, April 30th. The company reported $22.66 earnings per share (EPS) for the quarter. The firm had revenue of $2.19 billion during the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Thursday, May 9th. Seaboard’s dividend payout ratio is currently 3.74%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SEB. StockNews.com raised Seaboard from a “hold” rating to a “buy” rating in a report on Friday, May 10th. TheStreet downgraded Seaboard from a “b” rating to a “c+” rating in a report on Thursday, February 15th.

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.