Summit Global Investments Invests $436,000 in Seaboard Co. (NYSEAMERICAN:SEB)

Summit Global Investments purchased a new position in shares of Seaboard Co. (NYSEAMERICAN:SEB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 122 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Deutsche Bank AG raised its holdings in shares of Seaboard by 15,133,323.3% during the 3rd quarter. Deutsche Bank AG now owns 4,540,027 shares of the company’s stock worth $17,038,721,000 after acquiring an additional 4,539,997 shares during the period. Pacer Advisors Inc. raised its stake in shares of 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 acquiring an additional 4,134 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Seaboard by 411.2% in the 3rd quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock valued at $7,866,000 after buying an additional 1,686 shares during the period. Private Management Group Inc. raised its holdings in shares of Seaboard by 15.2% in the 4th quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock valued at $15,976,000 after purchasing an additional 589 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Seaboard by 114.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 981 shares of the company’s stock worth $3,682,000 after buying an additional 524 shares during the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Performance

NYSEAMERICAN SEB opened at $3,220.01 on Monday. Seaboard Co. has a one year low of $3,048.01 and a one year high of $3,942.64. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.38 and a beta of 0.38.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $64.67 earnings per share for the quarter. The firm had revenue of $2.28 billion for the quarter. Seaboard had a net margin of 2.85% and a return on equity of 5.41%.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Thursday, May 9th. Seaboard’s dividend payout ratio (DPR) is currently 3.74%.

Wall Street Analyst Weigh In

SEB has been the subject of several research analyst reports. TheStreet cut shares of Seaboard from a “b” rating to a “c+” rating in a report on Thursday, February 15th. StockNews.com upgraded shares of Seaboard from a “hold” rating to a “buy” rating in a research report on Saturday.

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.