Seaboard (NYSEAMERICAN:SEB) Trading 913.8% Higher – Still a Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) shares traded up 913.8% during mid-day trading on Thursday . The stock traded as high as $4,954.67 and last traded at $4,934.5890. 442 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 15,508 shares. The stock had previously closed at $486.74.

Seaboard Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 2.38. The firm’s 50 day moving average is $5,264.01 and its 200-day moving average is $5,023.59. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 7.85 and a beta of 0.23.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share (EPS) for the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%. The firm had revenue of $2.40 billion during the quarter.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 25th. Investors of record on Friday, May 15th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Seaboard’s payout ratio is presently 9.93%.

Institutional Investors Weigh In On Seaboard

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in Seaboard in the 1st quarter worth $34,000. Fifth Third Bancorp purchased a new stake in Seaboard in the 1st quarter worth $62,000. Wells Fargo & Company MN increased its holdings in Seaboard by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after acquiring an additional 3 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Seaboard in the 4th quarter worth $58,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.