Seaboard (NYSEAMERICAN:SEB) Posts Earnings Results

Seaboard (NYSEAMERICAN:SEB) issued its quarterly earnings results on Tuesday. The company reported $159.74 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.92 billion during the quarter. Seaboard had a return on equity of 12.22% and a net margin of 6.17%.

Seaboard Price Performance

Shares of SEB traded down $145.59 during trading hours on Thursday, hitting $4,158.08. 5,459 shares of the company were exchanged, compared to its average volume of 13,394. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 6.30 and a beta of 0.24. Seaboard has a fifty-two week low of $3,140.01 and a fifty-two week high of $5,989.37. The company has a quick ratio of 1.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $4,756.55 and its 200 day moving average is $5,052.32.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Friday, August 14th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 14th. Seaboard’s dividend payout ratio is presently 9.93%.

Institutional Investors Weigh In On Seaboard

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

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.