Massachusetts Financial Services Co. MA Acquires 85 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Massachusetts Financial Services Co. MA raised its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 10.1% in the second quarter, Holdings Channel reports. The firm owned 925 shares of the company’s stock after purchasing an additional 85 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Seaboard were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Herr Investment Group LLC purchased a new position in Seaboard in the first quarter valued at approximately $20,714,000. Edgestream Partners L.P. lifted its position in shares of Seaboard by 187.6% during the 1st quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock valued at $7,502,000 after buying an additional 1,518 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Seaboard by 91.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after acquiring an additional 1,421 shares during the period. Factorial Partners LLC purchased a new stake in Seaboard in the 2nd quarter worth about $3,834,000. Finally, National Bank of Canada FI bought a new stake in Seaboard in the 2nd quarter valued at about $3,344,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Price Performance

Shares of SEB opened at $3,300.00 on Friday. Seaboard Co. has a 52-week low of $2,955.33 and a 52-week high of $3,825.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45. The stock has a market cap of $3.20 billion, a P/E ratio of 13.71 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 EPS for the quarter. The company had revenue of $2.21 billion during the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, August 9th. Seaboard’s dividend payout ratio (DPR) is 3.74%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Seaboard from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

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.