Seaboard (NYSEAMERICAN:SEB) Stock Price Down 3.7% – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB) shares traded down 3.7% during mid-day trading on Friday . The company traded as low as $4,180.64 and last traded at $4,195.00. 9,998 shares were traded during mid-day trading, a decline of 29% from the average session volume of 14,080 shares. The stock had previously closed at $4,356.35.

Seaboard Stock Down 3.3%

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.33. The stock has a market capitalization of $4.04 billion, a P/E ratio of 6.36 and a beta of 0.24. The firm has a 50-day simple moving average of $4,562.05 and a 200 day simple moving average of $5,007.87.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The company had revenue of $2.92 billion for the quarter.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Friday, August 14th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 14th. Seaboard’s dividend payout ratio is 9.93%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds have recently modified their holdings of SEB. Dimensional Fund Advisors LP increased its holdings in Seaboard by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock valued at $266,222,000 after purchasing an additional 2,017 shares during the period. Vanguard Group Inc. increased its stake in shares of Seaboard by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 27,267 shares of the company’s stock valued at $121,197,000 after buying an additional 434 shares during the period. BlackRock Inc. acquired a new stake in shares of Seaboard in the second quarter valued at about $106,318,000. Arrowstreet Capital Limited Partnership raised its position 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 worth $69,725,000 after acquiring an additional 8,683 shares during the last quarter. Finally, Wallace Capital Management Inc. bought a new position in shares of Seaboard during the second quarter worth about $30,675,000. Institutional investors and hedge funds 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.