Wallace Capital Management Inc. Makes New $30.68 Million Investment in Seaboard Corporation $SEB

Wallace Capital Management Inc. bought a new stake in Seaboard Corporation (NYSEAMERICAN:SEB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,871 shares of the company’s stock, valued at approximately $30,675,000. Seaboard accounts for approximately 3.4% of Wallace Capital Management Inc.’s holdings, making the stock its 6th biggest position. Wallace Capital Management Inc. owned about 0.72% of Seaboard at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abel Hall LLC grew its stake in shares of Seaboard by 3.0% during the 1st quarter. Abel Hall LLC now owns 69 shares of the company’s stock worth $390,000 after acquiring an additional 2 shares during the period. Parallel Advisors LLC raised its stake in Seaboard by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock valued at $701,000 after acquiring an additional 2 shares during the period. NewEdge Advisors LLC raised its stake in Seaboard by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock valued at $283,000 after acquiring an additional 2 shares during the period. Wells Fargo & Company MN lifted its holdings in Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after purchasing an additional 3 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Seaboard by 3.1% during the second quarter. M&T Bank Corp now owns 99 shares of the company’s stock valued at $284,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Price Performance

Shares of NYSEAMERICAN:SEB opened at $4,026.77 on Thursday. The firm has a market capitalization of $3.87 billion, a PE ratio of 6.08 and a beta of 0.24. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $4,486.13 and a two-hundred day moving average price of $4,975.48. Seaboard Corporation has a twelve month low of $3,140.01 and a twelve month high of $5,989.37.

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

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 14th. Seaboard’s payout ratio is currently 9.93%.

Seaboard 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.