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

Seaboard Co. (NYSEAMERICAN:SEB)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $2,952.46 and last traded at $2,960.00, with a volume of 939 shares. The stock had previously closed at $2,993.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

Seaboard Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45. The firm has a market cap of $2.93 billion, a PE ratio of 11.57 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share (EPS) for the quarter. The business had revenue of $2.21 billion during the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%.

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.30%. The ex-dividend date was Friday, August 9th. Seaboard’s payout ratio is 3.48%.

Institutional Trading of Seaboard

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP bought a new position in Seaboard in the 2nd quarter valued at about $32,000. Innealta Capital LLC bought a new position in Seaboard in the 2nd quarter valued at about $60,000. Covestor Ltd grew its holdings in shares of Seaboard by 18.5% during the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after purchasing an additional 5 shares during the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Seaboard by 115.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock valued at $132,000 after purchasing an additional 22 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Seaboard during the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.