DAVENPORT & Co LLC Acquires 337 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

DAVENPORT & Co LLC increased its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 4.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,372 shares of the company’s stock after purchasing an additional 337 shares during the period. DAVENPORT & Co LLC’s holdings in Seaboard were worth $23,608,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. boosted its position in Seaboard by 47.9% in the third quarter. American Century Companies Inc. now owns 1,467 shares of the company’s stock valued at $5,506,000 after buying an additional 475 shares in the last quarter. SG Americas Securities LLC bought a new stake in Seaboard during the 4th quarter worth $396,000. Legato Capital Management LLC increased its holdings in Seaboard by 0.7% in the 4th quarter. Legato Capital Management LLC now owns 542 shares of the company’s stock worth $1,935,000 after purchasing an additional 4 shares in the last quarter. Pacer Advisors Inc. raised its position in Seaboard by 54.8% in the fourth quarter. Pacer Advisors Inc. now owns 11,675 shares of the company’s stock valued at $41,681,000 after purchasing an additional 4,134 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Seaboard by 90.0% during 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 owned by institutional investors and hedge funds.

Seaboard Stock Performance

Shares of Seaboard stock traded down $26.08 during trading on Thursday, hitting $3,042.19. The company’s stock had a trading volume of 2,679 shares, compared to its average volume of 3,151. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 12.78 and a beta of 0.35. Seaboard Co. has a 52 week low of $2,955.33 and a 52 week high of $3,862.00. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.21.

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

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, May 9th. Seaboard’s dividend payout ratio is presently 3.74%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Seaboard from a “hold” rating to a “buy” rating in a report on Friday, May 10th.

Seaboard Profile

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.