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

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) saw an uptick in trading volume on Wednesday . 2,920 shares traded hands during trading, an increase of 29% from the previous session’s volume of 2,271 shares.The stock last traded at $3,886.80 and had previously closed at $3,889.99.

Seaboard Stock Performance

The company has a market cap of $3.74 billion, a price-to-earnings ratio of 9.49 and a beta of 0.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.38. The firm has a fifty day simple moving average of $3,618.81 and a 200 day simple moving average of $3,216.88.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard’s dividend payout ratio is 9.93%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SEB. Victory Capital Management Inc. grew its position in Seaboard by 8.7% during the third quarter. Victory Capital Management Inc. now owns 249 shares of the company’s stock worth $908,000 after buying an additional 20 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Seaboard by 6.5% during the 3rd quarter. American Century Companies Inc. now owns 5,844 shares of the company’s stock worth $21,313,000 after purchasing an additional 359 shares in the last quarter. US Bancorp DE increased its position in shares of Seaboard by 13.6% during the third quarter. US Bancorp DE now owns 67 shares of the company’s stock valued at $244,000 after purchasing an additional 8 shares during the period. Citigroup Inc. lifted its position in Seaboard by 982.6% in the third quarter. Citigroup Inc. now owns 498 shares of the company’s stock worth $1,816,000 after purchasing an additional 452 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Seaboard by 0.9% during the third quarter. Vanguard Group Inc. now owns 26,833 shares of the company’s stock worth $97,860,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

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.