Lazard Asset Management LLC Sells 953 Shares of Seaboard Corporation $SEB

Lazard Asset Management LLC lessened its position in Seaboard Corporation (NYSEAMERICAN:SEB) by 95.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49 shares of the company’s stock after selling 953 shares during the period. Lazard Asset Management LLC’s holdings in Seaboard were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SEB. KBC Group NV purchased a new stake in shares of Seaboard in the 1st quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Seaboard by 160.0% during the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. Wells Fargo & Company MN raised its stake in Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after buying an additional 3 shares in the last quarter. Empowered Funds LLC bought a new position in Seaboard in the fourth quarter worth about $58,000. Finally, Fifth Third Bancorp purchased a new stake in Seaboard in the first quarter worth about $62,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Down 0.9%

SEB stock opened at $4,240.64 on Friday. Seaboard Corporation has a fifty-two week low of $3,140.01 and a fifty-two week high of $5,989.37. The business’s 50 day moving average price is $4,724.36 and its two-hundred day moving average price is $5,043.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 2.40. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 6.41 and a beta of 0.24.

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

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Friday, August 14th will be given 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 is Friday, August 14th. Seaboard’s dividend payout ratio is 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.