Seaboard (NYSEAMERICAN:SEB) Announces Earnings Results

Seaboard (NYSEAMERICAN:SEB) released its quarterly earnings results on Tuesday. The company reported $29.23 EPS for the quarter, FiscalAI reports. Seaboard had a return on equity of 12.03% and a net margin of 6.17%. The business had revenue of $2.77 billion during the quarter.

Seaboard Trading Down 8.7%

Shares of SEB traded down $323.47 during mid-day trading on Tuesday, hitting $3,410.25. 17,354 shares of the company’s stock traded hands, compared to its average volume of 13,791. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $4,047.40 and its 200-day moving average price is $4,754.00. The firm has a market capitalization of $3.27 billion, a P/E ratio of 5.15 and a beta of 0.21. Seaboard has a 1 year low of $3,409.26 and a 1 year high of $5,989.37.

Hedge Funds Weigh In On Seaboard

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Seaboard by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after buying an additional 2,017 shares during the last quarter. BlackRock Inc. bought a new position in shares of Seaboard in the second quarter worth approximately $106,318,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Seaboard by 238.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after buying an additional 8,683 shares during the last quarter. Wallace Capital Management Inc. bought a new stake in shares of Seaboard during the second quarter valued at approximately $30,675,000. Finally, Kahn Brothers Group Inc. purchased a new stake in Seaboard during the 2nd quarter valued at $24,058,000. 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.