Cubist Systematic Strategies LLC Has $436,000 Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Cubist Systematic Strategies LLC trimmed its position in Seaboard Co. (NYSEAMERICAN:SEB) by 20.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138 shares of the company’s stock after selling 35 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Seaboard were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp increased its position in Seaboard by 165.5% in the first quarter. Alaska Permanent Fund Corp now owns 884 shares of the company’s stock worth $2,850,000 after purchasing an additional 551 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Seaboard by 64.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock worth $5,029,000 after buying an additional 610 shares during the period. Virtu Financial LLC acquired a new position in shares of Seaboard during the 1st quarter worth about $550,000. DAVENPORT & Co LLC grew its position in shares of Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock worth $23,608,000 after buying an additional 337 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Seaboard during the 1st quarter worth about $1,847,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Trading Down 0.2 %

NYSEAMERICAN:SEB opened at $3,080.00 on Monday. Seaboard Co. has a fifty-two week low of $2,955.33 and a fifty-two week high of $3,796.00. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.99 billion, a PE ratio of 11.91 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last released 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were paid a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 annualized dividend and a yield of 0.29%. Seaboard’s payout ratio is currently 3.48%.

Analyst Ratings Changes

Separately, StockNews.com lowered Seaboard from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

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.