Seaboard (NYSEAMERICAN:SEB) Posts Earnings Results

Seaboard (NYSEAMERICAN:SEB) released its earnings results on Tuesday. The company reported $124.24 EPS for the quarter, FiscalAI reports. The company had revenue of $2.40 billion for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.

Seaboard Stock Up 1.8%

SEB opened at $5,687.09 on Wednesday. Seaboard has a twelve month low of $2,437.00 and a twelve month high of $5,989.37. The company’s 50-day moving average price is $5,401.06 and its two-hundred day moving average price is $4,763.24. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 11.02 and a beta of 0.27. The company has a quick ratio of 1.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.19.

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 25th. Shareholders of record on Friday, May 15th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 15th. Seaboard’s payout ratio is presently 9.93%.

Institutional Investors Weigh In On Seaboard

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Seaboard by 160.0% during the second 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 period. Wells Fargo & Company MN raised its stake in shares of Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after buying an additional 3 shares during the period. Empowered Funds LLC purchased a new position in shares of Seaboard during the 4th quarter valued at $58,000. Fifth Third Bancorp purchased a new position in shares of Seaboard during the 1st quarter valued at $62,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Seaboard during the 4th quarter worth $93,000. Institutional investors own 22.57% of the company’s stock.

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.