Seaboard (NYSEAMERICAN:SEB) Trading Down 7.7% – Here’s Why

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price fell 7.7% on Monday . The stock traded as low as $4,629.04 and last traded at $4,629.04. 6,582 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 20,701 shares. The stock had previously closed at $5,015.75.

Seaboard Price Performance

The stock has a market capitalization of $4.78 billion, a P/E ratio of 9.64 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.40 and a quick ratio of 1.40. The company’s 50-day simple moving average is $4,941.74 and its 200-day simple moving average is $4,282.56.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $262.99 EPS for the quarter. The company had revenue of $2.41 billion during the quarter. Seaboard had a net margin of 5.09% and a return on equity of 10.01%.

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, February 23rd. Seaboard’s payout ratio is 9.93%.

Institutional Trading of Seaboard

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new position in shares of Seaboard during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. Wells Fargo & Company MN boosted its position in Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after purchasing an additional 3 shares during the period. Empowered Funds LLC acquired a new position in shares of Seaboard in the fourth quarter valued at $58,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Seaboard in the fourth quarter valued at $93,000. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Company Profile

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.