Hennessy Advisors Inc. Acquires Shares of 1,800 Seaboard Corporation $SEB

Hennessy Advisors Inc. bought a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) during the second quarter, HoldingsChannel.com reports. The firm bought 1,800 shares of the company’s stock, valued at approximately $8,036,000.

Several other hedge funds also recently made changes to their positions in SEB. Abel Hall LLC raised its position in shares of Seaboard by 3.0% in the first quarter. Abel Hall LLC now owns 69 shares of the company’s stock valued at $390,000 after buying an additional 2 shares in the last quarter. Parallel Advisors LLC grew its position in Seaboard by 1.6% during the first quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock worth $701,000 after buying an additional 2 shares in the last quarter. NewEdge Advisors LLC grew its position in Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock worth $283,000 after buying an additional 2 shares in the last quarter. Wells Fargo & Company MN increased its stake in Seaboard by 33.3% during the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after acquiring an additional 3 shares during the period. Finally, M&T Bank Corp increased its stake in Seaboard by 3.1% during the 2nd quarter. M&T Bank Corp now owns 99 shares of the company’s stock worth $284,000 after acquiring an additional 3 shares during the period. 22.57% of the stock is owned by institutional investors.

Seaboard Price Performance

Shares of NYSEAMERICAN SEB opened at $3,913.21 on Friday. The stock has a market capitalization of $3.76 billion, a PE ratio of 5.91 and a beta of 0.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.33. The business has a fifty day moving average price of $4,451.59 and a two-hundred day moving average price of $4,957.67. Seaboard Corporation has a fifty-two week low of $3,140.01 and a fifty-two week high of $5,989.37.

Seaboard (NYSEAMERICAN:SEB) last released its earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The company had revenue of $2.92 billion for the quarter.

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s dividend payout ratio is currently 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.