Magnetar Financial LLC Invests $581,000 in Seaboard Co. (NYSEAMERICAN:SEB)

Magnetar Financial LLC purchased a new position in Seaboard Co. (NYSEAMERICAN:SEB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 239 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds have also made changes to their positions in the stock. Private Management Group Inc. lifted its position in shares of Seaboard by 30.8% in the fourth quarter. Private Management Group Inc. now owns 8,541 shares of the company’s stock worth $20,752,000 after purchasing an additional 2,010 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Seaboard by 46.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company’s stock valued at $14,092,000 after acquiring an additional 1,838 shares in the last quarter. Geode Capital Management LLC raised its position in Seaboard by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,943 shares of the company’s stock valued at $12,373,000 after acquiring an additional 81 shares in the last quarter. Two Sigma Advisers LP raised its position in Seaboard by 81.6% during the third quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock valued at $9,772,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in Seaboard by 161.4% during the fourth quarter. Edgestream Partners L.P. now owns 2,172 shares of the company’s stock valued at $5,277,000 after acquiring an additional 1,341 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Performance

Shares of SEB opened at $2,715.96 on Friday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 29.97 and a beta of 0.36. The company’s 50 day simple moving average is $2,612.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,412.00.

Seaboard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Seaboard’s payout ratio is presently 9.93%.

Seaboard 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.