Hsbc Holdings PLC Cuts Stock Position in Seaboard Corporation $SEB

Hsbc Holdings PLC cut its position in Seaboard Corporation (NYSEAMERICAN:SEB) by 22.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 728 shares of the company’s stock after selling 211 shares during the period. Hsbc Holdings PLC’s holdings in Seaboard were worth $3,245,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Seaboard by 28.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company’s stock valued at $2,352,000 after buying an additional 193 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Seaboard by 97.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 465 shares of the company’s stock worth $1,330,000 after buying an additional 229 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Seaboard by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 376 shares of the company’s stock worth $1,076,000 after acquiring an additional 19 shares in the last quarter. M&T Bank Corp raised its stake in shares of Seaboard by 3.1% during the 2nd quarter. M&T Bank Corp now owns 99 shares of the company’s stock worth $284,000 after acquiring an additional 3 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Seaboard by 15.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,229 shares of the company’s stock valued at $3,516,000 after acquiring an additional 167 shares during the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Performance

NYSEAMERICAN:SEB opened at $4,738.08 on Monday. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 7.80 and a beta of 0.23. Seaboard Corporation has a 52 week low of $2,740.00 and a 52 week high of $5,989.37. The company has a quick ratio of 1.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $5,124.98 and a 200 day moving average of $5,037.08.

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

Seaboard Dividend Announcement

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