Seaboard (NYSEAMERICAN:SEB) Sets New 1-Year High – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5,050.00 and last traded at $4,919.46, with a volume of 22520 shares changing hands. The stock had previously closed at $4,876.67.

Seaboard Stock Performance

The company has a fifty day moving average of $4,495.14 and a two-hundred day moving average of $3,882.55. The stock has a market capitalization of $4.72 billion, a P/E ratio of 11.99 and a beta of 0.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.49.

Seaboard (NYSEAMERICAN:SEB) last issued its earnings results on Tuesday, October 28th. The company reported $113.71 EPS for the quarter. The company 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%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in shares of Seaboard by 94.8% in the 2nd quarter. Rhumbline Advisers now owns 1,837 shares of the company’s stock valued at $5,256,000 after buying an additional 894 shares during the period. American Century Companies Inc. grew its holdings in shares of Seaboard by 18.0% during the second quarter. American Century Companies Inc. now owns 5,485 shares of the company’s stock valued at $15,694,000 after purchasing an additional 837 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Seaboard during the 2nd quarter worth approximately $1,940,000. Bank of New York Mellon Corp lifted its holdings in shares of Seaboard by 33.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,499 shares of the company’s stock worth $7,149,000 after purchasing an additional 622 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Seaboard by 69.7% in the 3rd quarter. Invesco Ltd. now owns 1,487 shares of the company’s stock worth $5,423,000 after purchasing an additional 611 shares during the last quarter. 22.57% of the stock is currently owned by 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.