Seaboard (NYSEAMERICAN:SEB) Posts Earnings Results

Seaboard (NYSEAMERICAN:SEB) released its quarterly earnings results on Tuesday. The company reported $29.23 earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.77 billion during the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%.

Seaboard Stock Down 8.7%

Shares of Seaboard stock opened at $3,410.25 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. Seaboard has a 12-month low of $3,409.26 and a 12-month high of $5,989.37. The firm has a market capitalization of $3.27 billion, a PE ratio of 5.15 and a beta of 0.25. The stock’s fifty day moving average is $4,030.98 and its 200-day moving average is $4,747.56.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 13th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $9.00 annualized dividend and a dividend yield of 0.3%. Seaboard’s dividend payout ratio (DPR) is currently 9.93%.

Institutional Investors Weigh In On Seaboard

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Seaboard by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after purchasing an additional 2,017 shares during the period. BlackRock Inc. bought a new stake in shares of Seaboard during the second quarter worth $106,318,000. Arrowstreet Capital Limited Partnership lifted its position in Seaboard by 238.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after purchasing an additional 8,683 shares during the period. Wallace Capital Management Inc. bought a new stake in Seaboard in the second quarter valued at about $30,675,000. Finally, Kahn Brothers Group Inc. acquired a new position in Seaboard during the second quarter valued at approximately $24,058,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.

In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company’s commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.

Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.