Bank of New York Mellon Corp Sells 264 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Bank of New York Mellon Corp cut its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,997 shares of the company’s stock after selling 264 shares during the period. Bank of New York Mellon Corp’s holdings in Seaboard were worth $4,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SEB. Private Management Group Inc. lifted its position in Seaboard by 30.8% in the 4th quarter. Private Management Group Inc. now owns 8,541 shares of the company’s stock valued at $20,752,000 after acquiring an additional 2,010 shares in the last quarter. Barclays PLC lifted its holdings in shares of Seaboard by 382.3% during the 3rd quarter. Barclays PLC now owns 1,881 shares of the company’s stock valued at $5,900,000 after buying an additional 1,491 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Seaboard by 81.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock valued at $9,772,000 after buying an additional 1,400 shares during the period. Cerity Partners LLC lifted its holdings in shares of Seaboard by 263.5% during the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock valued at $4,401,000 after buying an additional 1,017 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Seaboard by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company’s stock valued at $12,429,000 after buying an additional 663 shares during the period. 22.57% of the stock is owned by institutional investors.

Seaboard Price Performance

NYSEAMERICAN SEB opened at $2,719.86 on Tuesday. The company has a market cap of $2.64 billion, a PE ratio of 30.01 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. The company’s fifty day moving average price is $2,588.61. Seaboard Co. has a 1-year low of $2,365.00 and a 1-year high of $3,412.00.

Seaboard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, February 24th. Seaboard’s payout ratio is 9.93%.

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.