Seaboard (NYSEAMERICAN:SEB) Reaches New 12-Month Low – Time to Sell?

Seaboard Co. (NYSEAMERICAN:SEB) hit a new 52-week low on Friday . The stock traded as low as $2,390.00 and last traded at $2,422.91, with a volume of 710 shares changing hands. The stock had previously closed at $2,436.83.

Analyst Ratings Changes

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

Seaboard Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. The stock has a market capitalization of $2.32 billion, a PE ratio of -727.66 and a beta of 0.35.

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

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $2.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.38%. Seaboard’s dividend payout ratio is -273.56%.

Institutional Trading of Seaboard

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Seaboard by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock valued at $145,358,000 after buying an additional 1,081 shares during the last quarter. AQR Capital Management LLC lifted 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 valued at $28,957,000 after purchasing an additional 4,129 shares during the last quarter. Private Management Group Inc. boosted its position in Seaboard by 4.6% during the third quarter. Private Management Group Inc. now owns 6,531 shares of the company’s stock worth $20,488,000 after purchasing an additional 289 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Seaboard by 20.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company’s stock valued at $12,429,000 after purchasing an additional 663 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Seaboard by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,943 shares of the company’s stock valued at $12,373,000 after purchasing an additional 81 shares during the period. 22.57% of the stock is owned by institutional investors.

About Seaboard

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.