Seaboard (NYSEAMERICAN:SEB) Posts Quarterly Earnings Results

Seaboard (NYSEAMERICAN:SEBGet Free Report) announced its earnings results on Tuesday. The company reported $159.74 EPS for the quarter, FiscalAI reports. The company had revenue of $2.92 billion during the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%.

Seaboard Price Performance

Shares of NYSEAMERICAN:SEB opened at $4,392.35 on Wednesday. The company’s fifty day moving average price is $4,771.47 and its 200-day moving average price is $5,054.65. Seaboard has a one year low of $3,140.01 and a one year high of $5,989.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.38 and a quick ratio of 1.29. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 7.23 and a beta of 0.24.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Friday, August 14th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 14th. Seaboard’s payout ratio is presently 9.93%.

Hedge Funds Weigh In On Seaboard

Large investors have recently added to or reduced their stakes in the business. Abel Hall LLC lifted its stake in shares of Seaboard by 3.0% in the 1st quarter. Abel Hall LLC now owns 69 shares of the company’s stock valued at $390,000 after acquiring an additional 2 shares during the last quarter. Parallel Advisors LLC grew its position in Seaboard by 1.6% during the 1st quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock worth $701,000 after acquiring an additional 2 shares during the last quarter. NewEdge Advisors LLC grew its position in Seaboard by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock worth $283,000 after acquiring an additional 2 shares during the last quarter. Wells Fargo & Company MN increased its stake in Seaboard by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after purchasing an additional 3 shares during the period. Finally, M&T Bank Corp lifted its position in Seaboard by 3.1% in the second quarter. M&T Bank Corp now owns 99 shares of the company’s stock valued at $284,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Seaboard (NYSEAMERICAN:SEB)

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