Sterling Capital Management LLC Raises Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Sterling Capital Management LLC raised its stake in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15 shares of the company’s stock after buying an additional 4 shares during the period. Sterling Capital Management LLC’s holdings in Seaboard were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SEB. Private Management Group Inc. raised its position in Seaboard by 30.8% in the fourth quarter. Private Management Group Inc. now owns 8,541 shares of the company’s stock worth $20,752,000 after acquiring an additional 2,010 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Seaboard by 46.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company’s stock worth $14,092,000 after purchasing an additional 1,838 shares during the period. American Century Companies Inc. lifted its position in Seaboard by 5.9% during the fourth quarter. American Century Companies Inc. now owns 4,564 shares of the company’s stock valued at $11,089,000 after purchasing an additional 253 shares in the last quarter. Geode Capital Management LLC grew its holdings in Seaboard by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,972 shares of the company’s stock valued at $9,654,000 after purchasing an additional 29 shares during the period. Finally, Edgestream Partners L.P. increased its position in Seaboard by 161.4% in the fourth quarter. Edgestream Partners L.P. now owns 2,172 shares of the company’s stock worth $5,277,000 after buying an additional 1,341 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Stock Up 2.1 %

SEB stock opened at $2,628.02 on Friday. The business’s 50-day moving average price is $2,688.26 and its 200-day moving average price is $2,703.04. The stock has a market cap of $2.55 billion, a P/E ratio of 29.00 and a beta of 0.36. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,412.00. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given a $2.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. Seaboard’s payout ratio is currently 9.93%.

About Seaboard

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.