Seaboard (NYSEAMERICAN:SEB) Sees Strong Trading Volume

Seaboard Co. (NYSEAMERICAN:SEB) shares saw unusually-high trading volume on Monday . Approximately 8,312 shares were traded during trading, an increase of 177% from the previous session’s volume of 2,998 shares.The stock last traded at $3,214.01 and had previously closed at $3,220.01.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Seaboard from a “hold” rating to a “buy” rating in a research note on Saturday. TheStreet cut shares of Seaboard from a “b” rating to a “c+” rating in a report on Thursday, February 15th.

Seaboard Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.55 and a current ratio of 2.54. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 13.38 and a beta of 0.38.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $64.67 earnings per share (EPS) for the quarter. Seaboard had a net margin of 2.85% and a return on equity of 5.41%. The firm had revenue of $2.28 billion during the quarter.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $9.00 annualized dividend and a dividend yield of 0.28%. Seaboard’s dividend payout ratio (DPR) is currently 3.74%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds and other institutional investors have recently bought and sold shares of SEB. Bank of New York Mellon Corp boosted its stake in Seaboard by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock valued at $5,348,000 after acquiring an additional 161 shares during the last quarter. Strs Ohio boosted its position in shares of Seaboard by 8.6% during the third quarter. Strs Ohio now owns 456 shares of the company’s stock worth $1,711,000 after purchasing an additional 36 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of Seaboard during the third quarter worth $300,000. Private Management Group Inc. boosted its position in shares of Seaboard by 1.5% during the third quarter. Private Management Group Inc. now owns 3,886 shares of the company’s stock worth $14,584,000 after purchasing an additional 56 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in shares of Seaboard during the third quarter worth $300,000. 22.57% of the stock is owned by institutional investors.

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.