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

Seaboard Co. (NYSEAMERICAN:SEB) shares reached a new 52-week low on Wednesday . The company traded as low as $2,500.14 and last traded at $2,500.46, with a volume of 414 shares trading hands. The stock had previously closed at $2,542.46.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Seaboard Price Performance

The stock has a market cap of $2.41 billion, a PE ratio of -753.80 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. The company had revenue of $2.22 billion for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, November 8th. Seaboard’s payout ratio is currently -273.56%.

Institutional Trading of Seaboard

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEB. AQR Capital Management LLC raised its holdings in Seaboard by 81.4% during the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after buying an additional 4,129 shares during the period. Barclays PLC lifted its position in shares of Seaboard by 382.3% in the 3rd quarter. Barclays PLC now owns 1,881 shares of the company’s stock valued at $5,900,000 after acquiring an additional 1,491 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Seaboard by 91.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after purchasing an additional 1,421 shares in the last quarter. Two Sigma Advisers LP raised its stake in Seaboard by 81.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock valued at $9,772,000 after purchasing an additional 1,400 shares during the period. Finally, Factorial Partners LLC purchased a new stake in shares of Seaboard in the second quarter valued at $3,834,000. 22.57% of the stock is owned by institutional investors and hedge funds.

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.