StockNews.com Lowers Seaboard (NYSEAMERICAN:SEB) to Hold

StockNews.com cut shares of Seaboard (NYSEAMERICAN:SEB) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Seaboard Price Performance

SEB stock opened at $3,181.32 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.45 and a quick ratio of 1.47. The company has a market cap of $3.09 billion, a PE ratio of 12.06 and a beta of 0.35. Seaboard has a twelve month low of $2,955.33 and a twelve month high of $3,848.65.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The company had revenue of $2.21 billion during the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, August 9th. Seaboard’s payout ratio is currently 3.74%.

Hedge Funds Weigh In On Seaboard

Several large investors have recently added to or reduced their stakes in the company. Herr Investment Group LLC acquired a new stake in Seaboard during the first quarter worth about $20,714,000. AQR Capital Management LLC lifted its holdings in shares of Seaboard by 81.4% in the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after purchasing an additional 4,129 shares during the last quarter. Edgestream Partners L.P. boosted its position in Seaboard by 187.6% during the 1st quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock valued at $7,502,000 after purchasing an additional 1,518 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Seaboard by 91.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after buying an additional 1,421 shares during the last quarter. Finally, Factorial Partners LLC acquired a new stake in Seaboard in the second quarter worth $3,834,000. 22.57% of the stock is currently owned by institutional investors.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.