Seaboard (NYSEAMERICAN:SEB) Shares Up 2.2% – Still a Buy?

Seaboard Co. (NYSEAMERICAN:SEB)’s share price rose 2.2% during trading on Friday . The company traded as high as $2,714.99 and last traded at $2,725.31. Approximately 1,449 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 2,318 shares. The stock had previously closed at $2,665.81.

Seaboard Price Performance

The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 29.92 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50. The business has a fifty day moving average price of $2,630.11.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Seaboard’s dividend payout ratio is presently 9.93%.

Hedge Funds Weigh In On Seaboard

Several hedge funds have recently made changes to their positions in SEB. Private Management Group Inc. grew its stake in Seaboard by 30.8% during the 4th quarter. Private Management Group Inc. now owns 8,541 shares of the company’s stock valued at $20,752,000 after purchasing an additional 2,010 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Seaboard by 46.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company’s stock valued at $14,092,000 after purchasing an additional 1,838 shares during the period. Two Sigma Advisers LP boosted its holdings in Seaboard by 70.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,315 shares of the company’s stock valued at $12,914,000 after purchasing an additional 2,200 shares during the last quarter. American Century Companies Inc. grew its holdings in Seaboard by 5.9% during the fourth quarter. American Century Companies Inc. now owns 4,564 shares of the company’s stock worth $11,089,000 after acquiring an additional 253 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Seaboard by 8.5% during the 4th quarter. Two Sigma Investments LP now owns 4,285 shares of the company’s stock worth $10,411,000 after purchasing an additional 337 shares during the period. 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.