Seaboard (NYSEAMERICAN:SEB) Issues Earnings Results

Seaboard (NYSEAMERICAN:SEB) released its quarterly earnings results on Tuesday. The company reported $159.74 earnings per share (EPS) for the quarter, FiscalAI reports. Seaboard had a net margin of 5.93% and a return on equity of 11.42%. The company had revenue of $2.92 billion during the quarter.

Seaboard Stock Performance

Shares of Seaboard stock traded down $1.11 during trading on Tuesday, hitting $4,392.35. 10,407 shares of the company’s stock traded hands, compared to its average volume of 13,472. The business has a 50-day simple moving average of $4,781.85 and a 200-day simple moving average of $5,056.81. Seaboard has a 1 year low of $3,140.01 and a 1 year high of $5,989.37. The stock has a market capitalization of $4.22 billion, a P/E ratio of 7.23 and a beta of 0.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.38 and a quick ratio of 1.29.

Hedge Funds Weigh In On Seaboard

Several institutional investors and hedge funds have recently bought and sold shares of the stock. KBC Group NV purchased a new position in shares of Seaboard in the first quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its stake in shares of Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after buying an additional 8 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after buying an additional 3 shares during the period. Empowered Funds LLC bought a new position in Seaboard during the 4th quarter valued at about $58,000. Finally, Fifth Third Bancorp bought a new stake in shares of Seaboard during the 1st quarter worth approximately $62,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.