Point72 Asset Management L.P. Has $370,000 Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Point72 Asset Management L.P. increased its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 85.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 117 shares of the company’s stock after purchasing an additional 54 shares during the period. Point72 Asset Management L.P.’s holdings in Seaboard were worth $370,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Brandes Investment Partners LP lifted its position in Seaboard by 30.8% in the 2nd quarter. Brandes Investment Partners LP now owns 119 shares of the company’s stock valued at $376,000 after acquiring an additional 28 shares in the last quarter. Creative Planning acquired a new position in shares of Seaboard during the second quarter worth about $465,000. Susquehanna Fundamental Investments LLC boosted its position in shares of Seaboard by 42.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 815 shares of the company’s stock worth $2,576,000 after buying an additional 242 shares during the period. The Manufacturers Life Insurance Company raised its position in Seaboard by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 250 shares of the company’s stock valued at $790,000 after buying an additional 10 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Seaboard by 81.4% in the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock valued at $28,957,000 after acquiring an additional 4,129 shares in the last quarter. 22.57% of the stock is owned by institutional investors.

Seaboard Stock Performance

Seaboard stock opened at $3,090.00 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of 12.84 and a beta of 0.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.45 and a quick ratio of 1.47. Seaboard Co. has a one year low of $2,955.33 and a one year high of $3,796.00.

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

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were issued a $2.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $9.00 annualized dividend and a dividend yield of 0.29%. Seaboard’s dividend payout ratio is currently 3.74%.

Analysts Set New Price Targets

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

Seaboard Company 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.