Seaboard (NYSEAMERICAN:SEB) Shares Gap Up – Time to Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) shares gapped up before the market opened on Thursday . The stock had previously closed at $3,974.05, but opened at $4,071.89. Seaboard shares last traded at $3,938.7270, with a volume of 616 shares traded.

Seaboard Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. The company has a 50-day moving average of $4,319.39 and a 200-day moving average of $4,840.34. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 5.96 and a beta of 0.22.

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

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were paid a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s payout ratio is presently 9.93%.

Institutional Investors Weigh In On Seaboard

Hedge funds have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Seaboard in the first quarter valued at approximately $34,000. IFP Advisors Inc purchased a new stake in Seaboard in the 2nd quarter worth approximately $27,000. Fifth Third Bancorp purchased a new stake in Seaboard in the 1st quarter worth approximately $62,000. Integrated Wealth Concepts LLC acquired a new position in Seaboard in the 2nd quarter valued at $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Seaboard in the 4th 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 international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard’s pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.