BNP Paribas Financial Markets Acquires 87 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

BNP Paribas Financial Markets lifted its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 122.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158 shares of the company’s stock after acquiring an additional 87 shares during the quarter. BNP Paribas Financial Markets’ holdings in Seaboard were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Cerity Partners LLC boosted its position in Seaboard by 263.5% during the third quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock worth $4,401,000 after purchasing an additional 1,017 shares during the period. Rhumbline Advisers lifted its stake in shares of Seaboard by 44.9% during the 2nd quarter. Rhumbline Advisers now owns 913 shares of the company’s stock worth $2,886,000 after buying an additional 283 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Seaboard by 195.4% during the 3rd quarter. Victory Capital Management Inc. now owns 700 shares of the company’s stock worth $2,196,000 after buying an additional 463 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Seaboard by 8.3% during the 2nd quarter. American Century Companies Inc. now owns 3,725 shares of the company’s stock worth $11,774,000 after buying an additional 287 shares during the period. Finally, Private Management Group Inc. grew its stake in Seaboard by 16.0% in the 2nd quarter. Private Management Group Inc. now owns 6,242 shares of the company’s stock valued at $19,729,000 after buying an additional 860 shares during the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Stock Performance

SEB opened at $2,547.23 on Friday. 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 Co. has a 1 year low of $2,526.00 and a 1 year high of $3,796.00. The firm has a market capitalization of $2.47 billion, a P/E ratio of -774.23 and a beta of 0.35.

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

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Friday, November 8th. Seaboard’s dividend payout ratio is currently -273.56%.

Analysts Set New Price Targets

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

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.