Amalgamated Bank Sells 31 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Amalgamated Bank cut its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 70.5% in the third quarter, HoldingsChannel.com reports. The fund owned 13 shares of the company’s stock after selling 31 shares during the period. Amalgamated Bank’s holdings in Seaboard were worth $41,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Seaboard by 81.4% in the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock valued at $28,957,000 after buying an additional 4,129 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Seaboard by 91.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after buying an additional 1,421 shares during the last quarter. Factorial Partners LLC bought a new stake in shares of Seaboard in the 2nd quarter valued at about $3,834,000. Dimensional Fund Advisors LP boosted its stake in shares of Seaboard by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after acquiring an additional 1,081 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of Seaboard in the second quarter valued at about $3,344,000. 22.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Seaboard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Seaboard Stock Up 0.5 %

Shares of Seaboard stock opened at $2,673.85 on Tuesday. The company has a market cap of $2.59 billion, a PE ratio of -812.72 and a beta of 0.37. Seaboard Co. has a 1-year low of $2,580.28 and a 1-year high of $3,796.00. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22.

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

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $2.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. Seaboard’s payout ratio is -273.56%.

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.