Seaboard Corporation (NYSEAMERICAN:SEB – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $4,652.18 and traded as low as $3,750.00. Seaboard shares last traded at $3,863.58, with a volume of 12,373 shares trading hands.
Seaboard Trading Up 0.6%
The stock has a market capitalization of $3.73 billion, a P/E ratio of 5.87 and a beta of 0.21. The stock has a 50-day moving average price of $4,110.48 and a two-hundred day moving average price of $4,646.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. The firm had revenue of $2.92 billion for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.
Seaboard Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were issued a $2.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s payout ratio is 9.93%.
Institutional Investors Weigh In On Seaboard
Several institutional investors and hedge funds have recently modified their holdings of SEB. Susquehanna International Group LLP grew its holdings in Seaboard by 235.1% during the second quarter. Susquehanna International Group LLP now owns 754 shares of the company’s stock valued at $3,366,000 after purchasing an additional 529 shares during the period. Bank of America Corp DE purchased a new position in shares of Seaboard during the 2nd quarter valued at about $4,638,000. Corient Private Wealth LP purchased a new position in shares of Seaboard during the 2nd quarter valued at about $2,402,000. Bank of New York Mellon Corp bought a new position in shares of Seaboard during the 2nd quarter valued at approximately $8,695,000. Finally, Ieq Capital LLC bought a new position in shares of Seaboard during the 2nd quarter valued at approximately $1,250,000. 22.57% of the stock is owned by hedge funds and other institutional investors.
Seaboard Company Profile
Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.
In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company’s commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.
Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.
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