Seaboard (NYSEAMERICAN:SEB) Sees Large Volume Increase – Here’s Why

Seaboard Corporation (NYSEAMERICAN:SEB) saw an uptick in trading volume on Tuesday . 4,173 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 3,089 shares.The stock last traded at $4,268.4350 and had previously closed at $4,263.25.

Seaboard Price Performance

The company has a current ratio of 2.44, a quick ratio of 1.49 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33. The company’s 50 day moving average is $3,818.57 and its 200 day moving average is $3,460.91.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, October 28th. The company reported $113.71 earnings per share for the quarter. The business had revenue of $2.54 billion during the quarter. Seaboard had a return on equity of 8.21% and a net margin of 4.04%.

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were given a $2.25 dividend. The ex-dividend date was Friday, November 7th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s dividend payout ratio is presently 9.93%.

Institutional Trading of Seaboard

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. purchased a new position in Seaboard in the third quarter valued at about $554,000. Abel Hall LLC acquired a new stake in shares of Seaboard in the 3rd quarter worth approximately $201,000. CANADA LIFE ASSURANCE Co increased its stake in Seaboard by 16.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 42 shares of the company’s stock valued at $155,000 after purchasing an additional 6 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Seaboard in the 3rd quarter valued at approximately $226,000. Finally, Qube Research & Technologies Ltd raised its holdings in Seaboard by 3.5% during the third quarter. Qube Research & Technologies Ltd now owns 1,826 shares of the company’s stock worth $6,659,000 after purchasing an additional 61 shares during 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.