OP Asset Management Ltd Acquires New Shares in Seaboard Corporation $SEB

OP Asset Management Ltd acquired a new position in Seaboard Corporation (NYSEAMERICAN:SEB) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 720 shares of the company’s stock, valued at approximately $4,071,000.

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

Seaboard Stock Performance

Shares of NYSEAMERICAN:SEB opened at $4,738.08 on Friday. The firm has a 50 day moving average of $5,124.98 and a 200 day moving average of $5,031.67. 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 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.

Seaboard (NYSEAMERICAN:SEB) last announced its 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 business had revenue of $2.40 billion for the quarter.

Seaboard Announces Dividend

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