Seaboard Corporation (NYSEAMERICAN:SEB – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3,733.72, but opened at $3,427.00. Seaboard shares last traded at $3,334.5010, with a volume of 1,181 shares trading hands.
Seaboard Stock Performance
The firm has a 50-day moving average of $4,030.98 and a 200-day moving average of $4,747.56. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 5.23 and a beta of 0.25.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $29.23 earnings per share for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%. The business had revenue of $2.77 billion for the quarter.
Seaboard Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 13th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $9.00 dividend on an annualized basis and a yield of 0.3%. Seaboard’s dividend payout ratio (DPR) is currently 9.93%.
Institutional Trading of Seaboard
A number of hedge funds have recently modified their holdings of SEB. Abel Hall LLC boosted its position in Seaboard by 3.0% in the 1st quarter. Abel Hall LLC now owns 69 shares of the company’s stock worth $390,000 after purchasing an additional 2 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Seaboard by 1.6% during the 1st quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock worth $701,000 after purchasing an additional 2 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Seaboard by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock valued at $283,000 after purchasing an additional 2 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Seaboard by 66.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10 shares of the company’s stock valued at $39,000 after purchasing an additional 4 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Seaboard by 21.1% in the 3rd quarter. Covestor Ltd now owns 23 shares of the company’s stock valued at $94,000 after purchasing an additional 4 shares during the period. 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 with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.
In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company’s commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.
Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.
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