Seaboard (NYSEAMERICAN:SEB) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a research report released on Saturday morning.

Separately, TheStreet downgraded shares of Seaboard from a b rating to a c+ rating in a report on Thursday, February 15th.

Seaboard Stock Up 1.4 %

Shares of Seaboard stock opened at $3,235.45 on Friday. Seaboard has a fifty-two week low of $3,048.01 and a fifty-two week high of $3,942.64. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.14 billion, a P/E ratio of 13.44 and a beta of 0.38.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $64.67 EPS for the quarter. The company had revenue of $2.28 billion for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.28%. Seaboard’s dividend payout ratio is currently 3.74%.

Institutional Trading of Seaboard

A number of large investors have recently made changes to their positions in SEB. American Century Companies Inc. raised its position in Seaboard by 47.9% in the 3rd quarter. American Century Companies Inc. now owns 1,467 shares of the company’s stock worth $5,506,000 after purchasing an additional 475 shares during the period. Private Management Group Inc. grew its holdings in shares of Seaboard by 15.2% in the fourth quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock worth $15,976,000 after purchasing an additional 589 shares during the last quarter. Invesco Ltd. increased its stake in Seaboard by 411.2% in the 3rd quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock worth $7,866,000 after buying an additional 1,686 shares during the period. Bank of New York Mellon Corp lifted its holdings in Seaboard by 12.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock valued at $5,348,000 after buying an additional 161 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Seaboard by 5.8% in the 3rd quarter. New York State Common Retirement Fund now owns 605 shares of the company’s stock valued at $2,271,000 after buying an additional 33 shares during the period. 22.57% of the stock is currently owned by institutional investors.

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.