Seaboard Corporation
boothcheck covers Seaboard Corporation (SEB) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• Seaboard is a diversified commodity operator spanning pork, grain trading and milling, marine cargo, liquid fuels, power, and a Butterball turkey stake, trading at $4,937 against a book value of $5,571 per share. • The core risk is earnings volatility: trailing operating margin near 3% means a single adverse swing in hog prices, feed costs, or freight can erase a year of profit, which is why the price sits below book. • Q1 2026 marked a broad recovery (net earnings of $119 million versus $32 m
Is SEB overvalued? See what's priced in →
196 institutional managers reported holding SEB in 13F filings for the quarter ended 2026-03-31. Together they hold about 25% of the company; the top 10 hold 17%. 33 opened new positions that quarter. Held by Dimensional Fund Advisors, Vanguard Group, BlackRock, among others. On the short side, 26k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SEB has cut its share count 17.5% over the past five years, spending $39.00M on repurchases. It pays a dividend, and has for 9 years running; the current rate is $9.00 a share annually. Cash returned over the past three years: $25.00M in dividends and $39.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at SEB over the trailing three years. Absence is a fact about the company, not a signal. 7 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SEB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +1.1% | -0.0% |
| 2023-10-31 | -0.5% | +2.6% |
| 2024-02-14 | -1.8% | -11.8% |
| 2024-05-01 | -1.4% | -3.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SEB's latest 8-K filings: 2026-08-04 (items 2.02, 9.01); 2026-05-05 (items 2.02, 9.01); 2026-04-22 (items 5.07); 2026-02-12 (items 2.02, 9.01); 2025-10-28 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.