Seaboard (NYSEAMERICAN:SEB) Sees Strong Trading Volume – Still a Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) saw unusually-high trading volume on Wednesday . Approximately 11,829 shares were traded during mid-day trading, an increase of 252% from the previous session’s volume of 3,364 shares.The stock last traded at $4,341.21 and had previously closed at $4,430.00.

Seaboard Stock Down 1.7%

The firm’s fifty day simple moving average is $3,918.03 and its 200 day simple moving average is $3,536.16. The company has a current ratio of 2.44, a quick ratio of 1.49 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 10.61 and a beta of 0.34.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $113.71 earnings per share for the quarter. The business had revenue of $2.54 billion for the quarter. Seaboard had a net margin of 4.04% and a return on equity of 8.21%.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 7th. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Hedge Funds Weigh In On Seaboard

Several hedge funds have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. purchased a new position in shares of Seaboard in the 3rd quarter valued at $554,000. Abel Hall LLC acquired a new stake in shares of Seaboard during the third quarter worth about $201,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Seaboard by 16.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 42 shares of the company’s stock valued at $155,000 after purchasing an additional 6 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Seaboard during the 3rd quarter worth approximately $226,000. Finally, Qube Research & Technologies Ltd increased its position in Seaboard by 3.5% during the third quarter. Qube Research & Technologies Ltd now owns 1,826 shares of the company’s stock worth $6,659,000 after buying an additional 61 shares during the period. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.