Edgestream Partners L.P. Trims Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Edgestream Partners L.P. decreased its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 51.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 831 shares of the company’s stock after selling 882 shares during the quarter. Edgestream Partners L.P. owned approximately 0.09% of Seaboard worth $2,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Seaboard by 122.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 158 shares of the company’s stock worth $496,000 after purchasing an additional 87 shares during the last quarter. Cerity Partners LLC raised its stake in Seaboard by 263.5% in the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock valued at $4,401,000 after purchasing an additional 1,017 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Seaboard by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company’s stock valued at $12,429,000 after purchasing an additional 663 shares in the last quarter. Factorial Partners LLC boosted its stake in Seaboard by 44.8% during the 3rd quarter. Factorial Partners LLC now owns 1,756 shares of the company’s stock worth $5,509,000 after purchasing an additional 543 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Seaboard by 195.4% during the third quarter. Victory Capital Management Inc. now owns 700 shares of the company’s stock worth $2,196,000 after buying an additional 463 shares in the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Seaboard Price Performance

Shares of SEB opened at $2,607.00 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. Seaboard Co. has a 1 year low of $2,559.07 and a 1 year high of $3,796.00. The stock has a market cap of $2.53 billion, a PE ratio of -792.40 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last released its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%. The firm had revenue of $2.22 billion for the quarter.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, November 8th. Seaboard’s payout ratio is -273.56%.

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.