Connor Clark & Lunn Investment Management Ltd. Sells 250 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 35.5% in the third quarter, HoldingsChannel.com reports. The fund owned 454 shares of the company’s stock after selling 250 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Seaboard were worth $1,424,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bfsg LLC lifted its stake in Seaboard by 4.2% during the second quarter. Bfsg LLC now owns 124 shares of the company’s stock worth $392,000 after purchasing an additional 5 shares during the last quarter. Covestor Ltd raised its holdings in shares of Seaboard by 21.2% during the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after buying an additional 7 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Seaboard during the 2nd quarter worth $32,000. The Manufacturers Life Insurance Company boosted its stake in Seaboard by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 250 shares of the company’s stock valued at $790,000 after buying an additional 10 shares in the last quarter. Finally, Diversified Trust Co grew its position in Seaboard by 8.7% in the second quarter. Diversified Trust Co now owns 163 shares of the company’s stock valued at $515,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Seaboard Stock Down 1.2 %

NYSEAMERICAN SEB opened at $2,623.93 on Wednesday. Seaboard Co. has a fifty-two week low of $2,559.07 and a fifty-two week high of $3,796.00. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -794.01 and a beta of 0.37. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

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

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors 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 annualized dividend and a yield of 0.34%. Seaboard’s dividend 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.