Seaboard (NYSEAMERICAN:SEB) Trading Up 5.6% – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price traded up 5.6% on Tuesday . The stock traded as high as $4,825.43 and last traded at $4,914.7330. 3,056 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 16,274 shares. The stock had previously closed at $4,653.03.

Seaboard Trading Up 5.2%

The company’s fifty day moving average is $5,335.69 and its two-hundred day moving average is $4,845.70. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 8.02 and a beta of 0.27. The company has a quick ratio of 1.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB) last issued its earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share for the quarter. The firm had revenue of $2.40 billion for the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 25th. Shareholders of record on Friday, May 15th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 15th. Seaboard’s dividend payout ratio is currently 9.93%.

Hedge Funds Weigh In On Seaboard

Several hedge funds have recently added to or reduced their stakes in SEB. KBC Group NV purchased a new position in Seaboard in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its stake in Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. Wells Fargo & Company MN increased its stake in Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after purchasing an additional 3 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Seaboard during the fourth quarter worth approximately $58,000. Finally, Fifth Third Bancorp purchased a new position in shares of Seaboard during the first quarter worth approximately $62,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

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.