Seaboard Corp (SEB) Stake Lessened by Millennium Management LLC

Millennium Management LLC decreased its position in Seaboard Corp (NYSEAMERICAN:SEB) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213 shares of the company’s stock after selling 245 shares during the quarter. Millennium Management LLC’s holdings in Seaboard were worth $4,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in Seaboard by 4.5% during the second quarter. BlackRock Inc. now owns 10,129 shares of the company’s stock valued at $40,139,000 after buying an additional 436 shares during the period. Janus Henderson Group PLC grew its position in Seaboard by 7.0% during the second quarter. Janus Henderson Group PLC now owns 8,227 shares of the company’s stock valued at $32,601,000 after buying an additional 539 shares during the period. Renaissance Technologies LLC grew its position in Seaboard by 10.0% during the second quarter. Renaissance Technologies LLC now owns 5,814 shares of the company’s stock valued at $23,039,000 after buying an additional 530 shares during the period. Knightsbridge Asset Management LLC grew its position in Seaboard by 19.8% during the first quarter. Knightsbridge Asset Management LLC now owns 2,677 shares of the company’s stock valued at $11,417,000 after buying an additional 443 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Seaboard by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 1,807 shares of the company’s stock valued at $7,161,000 after buying an additional 18 shares during the period.

SEB opened at $3,671.85 on Wednesday. Seaboard Corp has a fifty-two week low of $3,525.00 and a fifty-two week high of $4,524.00.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $6.28 earnings per share for the quarter. The company had revenue of $1.69 billion during the quarter. Seaboard had a net margin of 5.78% and a return on equity of 9.72%.

Separately, TheStreet lowered shares of Seaboard from a “b-” rating to a “c+” rating in a research report on Thursday, August 2nd.

Seaboard Profile

Seaboard Corporation operates as a diverse agribusiness and transportation company worldwide. The company's Pork division is involved in the hog production and pork processing activities. It provides fresh and frozen pork products to further processors, foodservice operators, grocery stores, distributors, and retail outlets.

Recommended Story: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding SEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seaboard Corp (NYSEAMERICAN:SEB).

Institutional Ownership by Quarter for Seaboard (NYSEAMERICAN:SEB)

Receive News & Ratings for Seaboard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaboard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply