Seaboard (NYSEAMERICAN:SEB) Sees Large Volume Increase

Seaboard Co. (NYSEAMERICAN:SEB) shares saw strong trading volume on Wednesday . 9,284 shares were traded during trading, an increase of 192% from the previous session’s volume of 3,182 shares.The stock last traded at $3,130.12 and had previously closed at $3,057.86.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Seaboard from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

Seaboard Stock Performance

The company has a market capitalization of $3.04 billion, a P/E ratio of 13.13 and a beta of 0.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.55 and a current ratio of 2.54.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, April 30th. The company reported $22.66 EPS for the quarter. The business had revenue of $2.19 billion during the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Thursday, May 9th. Seaboard’s dividend payout ratio (DPR) is 3.74%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janiczek Wealth Management LLC grew its position in Seaboard by 90.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 19 shares of the company’s stock valued at $68,000 after acquiring an additional 9 shares in the last quarter. Covestor Ltd increased its stake in Seaboard by 18.5% during the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after buying an additional 5 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Seaboard by 400.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 30 shares of the company’s stock worth $107,000 after buying an additional 24 shares in the last quarter. Brandes Investment Partners LP purchased a new position in Seaboard in the 4th quarter valued at approximately $207,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Seaboard by 36.7% in the first quarter. BNP Paribas Financial Markets now owns 67 shares of the company’s stock worth $216,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.