Seaboard Corporation (NYSEAMERICAN:SEB) Short Interest Up 14.4% in April

Seaboard Corporation (NYSEAMERICAN:SEB) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 20,217 shares, a growth of 14.4% from the March 31st total of 17,667 shares. Based on an average daily volume of 12,390 shares, the days-to-cover ratio is presently 1.6 days. Approximately 8.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Seaboard

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new position in shares of Seaboard in the 1st quarter valued at $62,000. Wells Fargo & Company MN lifted its stake in shares of Seaboard by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after purchasing an additional 3 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the period. Empowered Funds LLC acquired a new position in shares of Seaboard in the 4th quarter valued at $58,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Seaboard in the 4th quarter valued at $93,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Stock Performance

Shares of Seaboard stock traded down $111.09 on Friday, reaching $5,574.84. 7,335 shares of the stock were exchanged, compared to its average volume of 10,909. The business has a 50 day moving average price of $5,385.98 and a two-hundred day moving average price of $4,728.45. The company has a quick ratio of 1.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.80 and a beta of 0.27. Seaboard has a twelve month low of $2,437.00 and a twelve month high of $5,989.37.

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

Seaboard Dividend Announcement

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. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, February 23rd. Seaboard’s payout ratio is currently 9.93%.

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.