Seaboard (NYSEAMERICAN:SEB) Trading 913.8% Higher – Still a Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) was up 913.8% during trading on Thursday . The stock traded as high as $4,954.67 and last traded at $4,934.5890. Approximately 442 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 15,508 shares. The stock had previously closed at $486.74.

Seaboard Stock Performance

The company has a market cap of $4.58 billion, a PE ratio of 7.85 and a beta of 0.23. The firm’s fifty day moving average is $5,264.01 and its 200 day moving average is $5,023.59. The company has a current ratio of 2.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $124.24 EPS for the quarter. The company had revenue of $2.40 billion during the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Friday, May 15th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard’s dividend payout ratio is presently 9.93%.

Institutional Investors Weigh In On Seaboard

Large investors have recently modified their holdings of the business. KBC Group NV purchased a new stake in shares of Seaboard during the first quarter worth $34,000. Fifth Third Bancorp purchased a new stake in shares of Seaboard during the first quarter worth $62,000. Wells Fargo & Company MN grew its holdings in shares of 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Seaboard by 160.0% during the second 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. Finally, Empowered Funds LLC purchased a new stake in shares of Seaboard during the fourth quarter worth $58,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.