Seaboard (NYSEAMERICAN:SEB) Reaches New 52-Week Low – Here’s Why

Seaboard Co. (NYSEAMERICAN:SEB)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $2,575.31 and last traded at $2,580.20, with a volume of 1068 shares changing hands. The stock had previously closed at $2,654.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Seaboard Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50. The company has a market cap of $2.53 billion, a PE ratio of -794.01 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%. The firm had revenue of $2.22 billion during the quarter.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $2.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. Seaboard’s dividend payout ratio is currently -273.56%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Seaboard during the third quarter valued at about $25,000. Geode Capital Management LLC lifted its holdings in Seaboard by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,943 shares of the company’s stock worth $12,373,000 after buying an additional 81 shares during the period. Barclays PLC grew its position in shares of Seaboard by 382.3% in the 3rd quarter. Barclays PLC now owns 1,881 shares of the company’s stock worth $5,900,000 after buying an additional 1,491 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Seaboard by 0.9% during the third quarter. Jane Street Group LLC now owns 437 shares of the company’s stock valued at $1,371,000 after buying an additional 4 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Seaboard by 81.6% during the third quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock valued at $9,772,000 after acquiring an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.