Seaboard (NYSEAMERICAN:SEB) Stock Price Up 6.7% – Still a Buy?

Seaboard Co. (NYSEAMERICAN:SEB)’s share price traded up 6.7% during mid-day trading on Friday . The stock traded as high as $2,898.00 and last traded at $2,916.08. 887 shares changed hands during trading, a decline of 63% from the average session volume of 2,367 shares. The stock had previously closed at $2,734.24.

Seaboard Trading Up 6.8 %

The business has a 50 day moving average price of $2,561.49. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.83 billion, a PE ratio of 32.24 and a beta of 0.36.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were issued a $2.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.31%. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Investors Weigh In On Seaboard

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in shares of Seaboard in the third quarter valued at about $50,000. Covestor Ltd boosted its holdings in Seaboard by 21.2% in the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after acquiring an additional 7 shares during the period. Diamond Hill Capital Management Inc. grew its position in Seaboard by 27.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 509 shares of the company’s stock valued at $1,597,000 after acquiring an additional 110 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Seaboard during the third quarter valued at approximately $216,000. Finally, Victory Capital Management Inc. lifted its position in shares of Seaboard by 195.4% during the third quarter. Victory Capital Management Inc. now owns 700 shares of the company’s stock worth $2,196,000 after purchasing an additional 463 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other 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.