Seaboard (NYSEAMERICAN:SEB) Reaches New 12-Month Low – What’s Next?

Seaboard Co. (NYSEAMERICAN:SEB)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $2,952.46 and last traded at $2,960.00, with a volume of 939 shares changing hands. The stock had previously closed at $2,993.06.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

Seaboard Trading Down 1.0 %

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 stock has a market cap of $2.90 billion, a price-to-earnings ratio of 11.67 and a beta of 0.35.

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

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 annualized dividend and a yield of 0.30%. Seaboard’s payout ratio is presently 3.48%.

Hedge Funds Weigh In On Seaboard

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its position in Seaboard by 18.5% in the first quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after acquiring an additional 5 shares during the period. Bfsg LLC lifted its position in Seaboard by 4.2% during the 2nd quarter. Bfsg LLC now owns 124 shares of the company’s stock worth $392,000 after acquiring an additional 5 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Seaboard in the second quarter valued at about $32,000. The Manufacturers Life Insurance Company grew its holdings in Seaboard by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 250 shares of the company’s stock worth $790,000 after acquiring an additional 10 shares during the period. Finally, Diversified Trust Co lifted its position in shares of Seaboard by 8.7% during the 2nd quarter. Diversified Trust Co now owns 163 shares of the company’s stock valued at $515,000 after acquiring an additional 13 shares during the period. 22.57% of the stock is currently owned by institutional investors.

Seaboard Company Profile

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.