Seaboard Corporation (NYSEAMERICAN:SEB – Get Free Report)’s share price reached a new 52-week low on Tuesday. The company traded as low as $3,532.86 and last traded at $3,525.4990, with a volume of 11,347 shares. The stock had previously closed at $3,733.72.
Seaboard Stock Performance
The stock has a market capitalization of $3.28 billion, a P/E ratio of 5.92 and a beta of 0.25. The company’s fifty day simple moving average is $4,004.89 and its 200 day simple moving average is $4,735.20. The company has a current ratio of 2.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $29.23 EPS for the quarter. Seaboard had a return on equity of 10.22% and a net margin of 5.27%. The business had revenue of $2.77 billion during the quarter.
Seaboard Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 13th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, November 13th. Seaboard’s dividend payout ratio is 9.93%.
Institutional Investors Weigh In On Seaboard
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Seaboard in the second quarter worth about $106,318,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Seaboard by 238.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after buying an additional 8,683 shares in the last quarter. Wallace Capital Management Inc. bought a new position in shares of Seaboard during the 2nd quarter valued at approximately $30,675,000. Kahn Brothers Group Inc. bought a new position in shares of Seaboard during the 2nd quarter valued at approximately $24,058,000. Finally, Dimensional Fund Advisors LP increased its holdings in Seaboard by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after acquiring an additional 2,017 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.
About Seaboard
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.
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