Seaboard (NYSEAMERICAN:SEB) Posts Quarterly Earnings Results

Seaboard (NYSEAMERICAN:SEB) released its quarterly earnings data on Tuesday. The company reported $29.23 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.77 billion for the quarter. Seaboard had a net margin of 5.27% and a return on equity of 10.30%.

Seaboard Price Performance

NYSEAMERICAN:SEB opened at $3,496.50 on Thursday. Seaboard has a 12 month low of $3,309.11 and a 12 month high of $5,989.37. The firm has a market cap of $3.36 billion, a P/E ratio of 6.05 and a beta of 0.25. The stock has a 50 day moving average of $4,017.12 and a two-hundred day moving average of $4,741.60. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 13th will be given a dividend of $2.25 per share. The ex-dividend date is Friday, November 13th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.3%. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SEB. Susquehanna International Group LLP boosted its stake in shares of Seaboard by 235.1% during the 2nd quarter. Susquehanna International Group LLP now owns 754 shares of the company’s stock worth $3,366,000 after acquiring an additional 529 shares in the last quarter. Bank of America Corp DE acquired a new position in Seaboard in the 2nd quarter worth $4,638,000. Corient Private Wealth LP acquired a new position in shares of Seaboard in the second quarter worth about $2,402,000. Hsbc Holdings PLC acquired a new position in shares of Seaboard in the second quarter worth about $1,663,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Seaboard during the 2nd quarter valued at approximately $8,695,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Company Profile

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.