Seaboard (NYSEAMERICAN:SEB) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a report issued on Saturday morning.

Separately, TheStreet lowered shares of Seaboard from a b rating to a c+ rating in a research note on Thursday, February 15th.

Seaboard Stock Performance

NYSEAMERICAN SEB opened at $3,235.45 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 13.44 and a beta of 0.38. Seaboard has a 12 month low of $3,048.01 and a 12 month high of $3,942.64.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data 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 for the quarter.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Thursday, May 9th. Seaboard’s dividend payout ratio is 3.74%.

Institutional Trading of Seaboard

A number of hedge funds have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC purchased a new stake in Seaboard during the first quarter worth $1,847,000. DAVENPORT & Co LLC raised its stake in shares of Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock worth $23,608,000 after acquiring an additional 337 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Seaboard by 36.7% during the first quarter. BNP Paribas Financial Markets now owns 67 shares of the company’s stock valued at $216,000 after acquiring an additional 18 shares during the last quarter. Bfsg LLC grew its holdings in Seaboard by 8.2% in the first quarter. Bfsg LLC now owns 119 shares of the company’s stock worth $384,000 after purchasing an additional 9 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Seaboard by 64.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock worth $5,029,000 after purchasing an additional 610 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Company 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.