Seaboard (NYSEAMERICAN:SEB) Sees Strong Trading Volume – Still a Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) shares saw strong trading volume on Wednesday . 11,829 shares traded hands during trading, an increase of 252% from the previous session’s volume of 3,364 shares.The stock last traded at $4,341.21 and had previously closed at $4,430.00.

Seaboard Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.49 and a current ratio of 2.44. The company has a market capitalization of $4.18 billion, a PE ratio of 10.61 and a beta of 0.34. The company’s 50-day simple moving average is $3,918.03 and its 200-day simple moving average is $3,536.16.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, October 28th. The company reported $113.71 EPS for the quarter. Seaboard had a net margin of 4.04% and a return on equity of 8.21%. The business had revenue of $2.54 billion during the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were issued a $2.25 dividend. The ex-dividend date was Friday, November 7th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Hedge Funds Weigh In On Seaboard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in Seaboard during the second quarter worth $31,000. EverSource Wealth Advisors LLC lifted its position in Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Seaboard by 20.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock valued at $103,000 after purchasing an additional 6 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Seaboard by 328.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after buying an additional 23 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Seaboard in the second quarter valued at $143,000. 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.