Seaboard (NYSEAMERICAN:SEB) Hits New 1-Year High – Time to Buy?

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $5,717.14 and last traded at $5,659.6620, with a volume of 6391 shares traded. The stock had previously closed at $5,515.00.

Seaboard Stock Up 1.9%

The stock has a market capitalization of $5.53 billion, a PE ratio of 11.16 and a beta of 0.27. The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $5,147.14 and a two-hundred day moving average of $4,426.25.

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

Seaboard Announces Dividend

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

Hedge Funds Weigh In On Seaboard

Several institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp grew its stake in Seaboard by 14,586.5% in the 4th quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock worth $67,890,000 after acquiring an additional 15,170 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Seaboard during the fourth quarter worth $6,725,000. Marshall Wace LLP acquired a new stake in shares of Seaboard during the fourth quarter worth $5,623,000. Jane Street Group LLC increased its stake in Seaboard by 607.1% in the fourth quarter. Jane Street Group LLC now owns 1,386 shares of the company’s stock valued at $6,161,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Occudo Quantitative Strategies LP lifted its position in Seaboard by 388.3% during the fourth quarter. Occudo Quantitative Strategies LP now owns 1,255 shares of the company’s stock worth $5,578,000 after buying an additional 998 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.