The Manufacturers Life Insurance Company Reduces Stake in Seaboard Co. (NYSEAMERICAN:SEB)

The Manufacturers Life Insurance Company reduced its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 2.8% during the third quarter, Holdings Channel.com reports. The fund owned 243 shares of the company’s stock after selling 7 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Seaboard were worth $762,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SEB. Gladius Capital Management LP bought a new position in Seaboard in the 2nd quarter worth about $32,000. Farther Finance Advisors LLC bought a new position in shares of Seaboard during the 3rd quarter valued at about $50,000. Innealta Capital LLC bought a new position in shares of Seaboard during the 2nd quarter valued at about $60,000. Covestor Ltd increased its position in shares of Seaboard by 21.2% during the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock valued at $127,000 after purchasing an additional 7 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Seaboard during the 2nd quarter valued at about $205,000. 22.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Seaboard Stock Performance

SEB opened at $2,547.23 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. Seaboard Co. has a 1 year low of $2,526.00 and a 1 year high of $3,796.00. The company has a market cap of $2.47 billion, a P/E ratio of -774.23 and a beta of 0.35.

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

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, November 8th. Seaboard’s payout ratio is presently -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.