Seaboard (NYSEAMERICAN:SEB) Sets New 12-Month High – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB) reached a new 52-week high on Wednesday . The company traded as high as $4,838.00 and last traded at $4,850.9760, with a volume of 1878 shares changing hands. The stock had previously closed at $4,760.35.

Seaboard Price Performance

The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.84 and a beta of 0.36. 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 fifty day moving average of $4,462.40 and a two-hundred day moving average of $3,843.99.

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

Seaboard Dividend Announcement

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

Hedge Funds Weigh In On Seaboard

Several institutional investors have recently modified their holdings of SEB. Allworth Financial LP bought a new position in shares of Seaboard during the second quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Seaboard by 20.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after purchasing an additional 6 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Seaboard by 328.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after buying an additional 23 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Seaboard in the 2nd quarter valued at about $143,000. 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.