Seaboard (NYSEAMERICAN:SEB) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $4,730.66 and traded as low as $3,960.50. Seaboard shares last traded at $4,033.82, with a volume of 13,437 shares traded.

Seaboard Stock Down 1.2%

The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 5.93 and a beta of 0.21. The business’s 50-day moving average is $4,158.51 and its 200-day moving average is $4,719.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%. The company had revenue of $2.92 billion during the quarter.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were issued a dividend of $2.25 per share. The ex-dividend date was Friday, August 14th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Investors Weigh In On Seaboard

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Seaboard by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after purchasing an additional 2,017 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Seaboard during the second quarter valued at approximately $106,318,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Seaboard by 238.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after buying an additional 8,683 shares during the last quarter. Wallace Capital Management Inc. purchased a new position in shares of Seaboard during the second quarter valued at approximately $30,675,000. Finally, Kahn Brothers Group Inc. purchased a new stake in shares of Seaboard in the second quarter valued at about $24,058,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company headquartered in Merriam, Kansas. Its operations span several industries, including pork production, commodity trading, marine transportation, sugar production, power generation and turkey processing.

Through Seaboard Foods, the company produces and processes pork in the United States, operating farms, feed mills and processing facilities. Its international trading activities involve commodities such as grain, feed ingredients and sugar.