Seaboard (NYSEAMERICAN:SEB) Shares Down 7.7% – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price traded down 7.7% on Monday . The stock traded as low as $4,629.04 and last traded at $4,629.04. 6,582 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 20,701 shares. The stock had previously closed at $5,015.75.

Seaboard Price Performance

The company has a market capitalization of $4.53 billion, a P/E ratio of 9.15 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.40 and a quick ratio of 1.40. The firm’s 50-day moving average is $4,922.19 and its 200-day moving average is $4,264.65.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Thursday, February 12th. The company reported $262.99 earnings per share for the quarter. The business had revenue of $2.41 billion for the quarter. Seaboard had a net margin of 5.09% and a return on equity of 10.01%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, February 23rd. Seaboard’s payout ratio is currently 9.93%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Seaboard by 2.9% in the 3rd quarter. Signaturefd LLC now owns 105 shares of the company’s stock worth $383,000 after acquiring an additional 3 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Seaboard by 2.5% during the 4th quarter. Parallel Advisors LLC now owns 122 shares of the company’s stock valued at $542,000 after purchasing an additional 3 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Seaboard by 33.3% during the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after buying an additional 3 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Seaboard by 3.1% during the 2nd quarter. M&T Bank Corp now owns 99 shares of the company’s stock valued at $284,000 after buying an additional 3 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Seaboard by 2.7% in the 3rd quarter. Sei Investments Co. now owns 113 shares of the company’s stock worth $412,000 after buying an additional 3 shares during the period. 22.57% of the stock is owned by hedge funds and other institutional investors.

About Seaboard

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.