Hsbc Holdings PLC Sells 476 Shares of Seaboard Corporation $SEB

Hsbc Holdings PLC cut its holdings in shares of Seaboard Corporation (NYSEAMERICAN:SEB) by 65.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 252 shares of the company’s stock after selling 476 shares during the quarter. Hsbc Holdings PLC’s holdings in Seaboard were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Seaboard by 28.4% during the 1st 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 acquiring an additional 193 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Seaboard by 97.0% in the second quarter. JPMorgan Chase & Co. now owns 465 shares of the company’s stock worth $1,330,000 after acquiring an additional 229 shares during the period. Legal & General Group Plc grew its stake in shares of Seaboard by 5.3% in the second quarter. Legal & General Group Plc now owns 376 shares of the company’s stock worth $1,076,000 after acquiring an additional 19 shares during the period. M&T Bank Corp raised its holdings in shares of Seaboard by 3.1% during the second quarter. M&T Bank Corp now owns 99 shares of the company’s stock valued at $284,000 after purchasing an additional 3 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 purchasing an additional 167 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Down 2.2%

Shares of Seaboard stock opened at $4,610.47 on Tuesday. Seaboard Corporation has a twelve month low of $3,094.44 and a twelve month 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 company’s 50 day moving average is $4,826.44 and its 200 day moving average is $5,056.92. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 7.59 and a beta of 0.25.

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

Seaboard Announces Dividend

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