Seaboard (NYSEAMERICAN:SEB) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5,044.23 and traded as low as $4,634.95. Seaboard shares last traded at $4,705.56, with a volume of 3,522 shares changing hands.

Seaboard Price Performance

The company’s fifty day moving average is $4,837.68 and its 200 day moving average is $5,046.06. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 7.68 and a beta of 0.25. The company has a quick ratio of 1.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share (EPS) for the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%. The firm had revenue of $2.40 billion for the quarter.

Seaboard Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SEB. Parallel Advisors LLC boosted its holdings in shares of Seaboard by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock valued at $701,000 after buying an additional 2 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock worth $283,000 after buying an additional 2 shares during the last quarter. Edgestream Partners L.P. raised its position in Seaboard by 72.9% during the first quarter. Edgestream Partners L.P. now owns 102 shares of the company’s stock worth $577,000 after acquiring an additional 43 shares in the last quarter. California State Teachers Retirement System lifted its stake in Seaboard by 36.9% in the first quarter. California State Teachers Retirement System now owns 367 shares of the company’s stock valued at $2,075,000 after acquiring an additional 99 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Seaboard by 21.9% in the first quarter. Royal Bank of Canada now owns 39 shares of the company’s stock valued at $220,000 after acquiring an additional 7 shares during the last quarter. 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 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.