Seaboard (NYSEAMERICAN:SEB) Shares Gap Down – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3,733.72, but opened at $3,427.00. Seaboard shares last traded at $3,334.5010, with a volume of 1,181 shares traded.

Seaboard Stock Up 6.1%

The firm has a market cap of $3.48 billion, a PE ratio of 6.27 and a beta of 0.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.33. The business has a fifty day moving average price of $4,004.89 and a two-hundred day moving average price of $4,735.20.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $29.23 EPS for the quarter. The firm had revenue of $2.77 billion during the quarter. Seaboard had a return on equity of 10.22% and a net margin of 5.27%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 13th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 13th. Seaboard’s dividend payout ratio (DPR) is currently 9.93%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP boosted its holdings in Seaboard by 235.1% in the second quarter. Susquehanna International Group LLP now owns 754 shares of the company’s stock worth $3,366,000 after purchasing an additional 529 shares in the last quarter. Bank of America Corp DE bought a new position in Seaboard in the 2nd quarter worth approximately $4,638,000. Corient Private Wealth LP bought a new position in Seaboard in the 2nd quarter worth approximately $2,402,000. Hsbc Holdings PLC bought a new position in Seaboard in the 2nd quarter worth approximately $1,663,000. Finally, Ieq Capital LLC acquired a new position in shares of Seaboard during the second quarter worth approximately $1,250,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.

In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company’s commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.

Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.