JPMorgan Chase & Co. Decreases Position in Seaboard Co. (NYSEAMERICAN:SEB)

JPMorgan Chase & Co. decreased its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303 shares of the company’s stock after selling 101 shares during the period. JPMorgan Chase & Co.’s holdings in Seaboard were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SEB. Hsbc Holdings PLC increased its holdings in Seaboard by 12.1% during the 2nd quarter. Hsbc Holdings PLC now owns 362 shares of the company’s stock worth $1,130,000 after purchasing an additional 39 shares during the period. Sei Investments Co. grew its position in shares of Seaboard by 49.5% during the second quarter. Sei Investments Co. now owns 160 shares of the company’s stock worth $506,000 after buying an additional 53 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Seaboard during the second quarter worth approximately $740,000. Squarepoint Ops LLC acquired a new stake in Seaboard in the second quarter valued at approximately $205,000. Finally, AQR Capital Management LLC lifted its stake in Seaboard by 81.4% in the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after acquiring an additional 4,129 shares during the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Analyst Ratings Changes

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

Seaboard Price Performance

Shares of SEB opened at $2,509.96 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50. Seaboard Co. has a 1-year low of $2,365.00 and a 1-year high of $3,650.00. The firm has a market capitalization of $2.43 billion, a P/E ratio of -762.90 and a beta of 0.36.

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

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $2.25 per share. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.36%. Seaboard’s payout ratio is -273.56%.

Seaboard Company Profile

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.