Renaissance Technologies LLC Decreases Stake in Seaboard Corporation $SEB

Renaissance Technologies LLC lowered its stake in Seaboard Corporation (NYSEAMERICAN:SEB) by 36.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,252 shares of the company’s stock after selling 1,850 shares during the period. Renaissance Technologies LLC’s holdings in Seaboard were worth $18,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SEB. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Seaboard by 238.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock worth $69,725,000 after purchasing an additional 8,683 shares during the period. Caxton Associates LLP increased its holdings in Seaboard by 135.0% in the 1st quarter. Caxton Associates LLP now owns 329 shares of the company’s stock worth $1,860,000 after buying an additional 189 shares during the period. Inceptionr LLC purchased a new position in Seaboard during the 1st quarter worth approximately $628,000. Sei Investments Co. raised its position in Seaboard by 13.0% during the 1st quarter. Sei Investments Co. now owns 174 shares of the company’s stock worth $984,000 after buying an additional 20 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in Seaboard during the 1st quarter valued at approximately $271,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Trading Down 1.8%

Shares of Seaboard stock opened at $4,505.27 on Friday. The stock has a market cap of $4.33 billion, a PE ratio of 7.42 and a beta of 0.25. The firm has a fifty day moving average price of $4,802.57 and a 200 day moving average price of $5,058.06. Seaboard Corporation has a 1 year low of $3,140.01 and a 1 year high of $5,989.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.38 and a quick ratio of 1.29.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 11.42% and a net margin of 5.93%.The company had revenue of $2.40 billion during the quarter.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 25th. Shareholders of record on Friday, May 15th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.