Seaboard (NYSEAMERICAN:SEB) Reaches New 52-Week High – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $5,559.08 and last traded at $5,378.9570, with a volume of 29418 shares changing hands. The stock had previously closed at $5,469.43.

Seaboard Stock Down 0.5%

The firm has a market capitalization of $5.25 billion, a PE ratio of 13.31 and a beta of 0.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.49. The company has a 50-day moving average price of $4,669.27 and a 200 day moving average price of $4,051.87.

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

Institutional Investors Weigh In On Seaboard

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Seaboard by 28.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company’s stock worth $2,352,000 after acquiring an additional 193 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in Seaboard by 47.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 349 shares of the company’s stock worth $999,000 after purchasing an additional 112 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Seaboard by 16.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 90 shares of the company’s stock worth $258,000 after purchasing an additional 13 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Seaboard during the 2nd quarter valued at about $143,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Seaboard during the second quarter valued at about $212,000. Institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

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.