Seaboard (NYSEAMERICAN:SEB) Stock Price Down 10.1% – Here’s Why

Seaboard Corporation (NYSEAMERICAN:SEB) shares were down 10.1% during trading on Wednesday . The stock traded as low as $5,160.48 and last traded at $5,111.0050. Approximately 3,216 shares changed hands during trading, a decline of 81% from the average daily volume of 17,315 shares. The stock had previously closed at $5,687.09.

Seaboard Trading Down 13.8%

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.40 and a quick ratio of 1.40. The business’s 50-day moving average is $5,401.06 and its two-hundred day moving average is $4,763.24. The firm has a market cap of $4.71 billion, a P/E ratio of 9.50 and a beta of 0.27.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share (EPS) for the quarter. Seaboard had a net margin of 5.09% and a return on equity of 10.01%. The firm had revenue of $2.40 billion for the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 25th. Investors of record on Friday, May 15th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 15th. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Trading of Seaboard

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Seaboard by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 27,267 shares of the company’s stock worth $121,197,000 after acquiring an additional 434 shares during the period. M&T Bank Corp lifted its holdings in Seaboard by 14,586.5% during the 4th quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock valued at $67,890,000 after purchasing an additional 15,170 shares during the last quarter. American Century Companies Inc. boosted its position in Seaboard by 6.5% during the third 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 during the period. AQR Capital Management LLC increased its holdings in shares of Seaboard by 11.7% in the fourth quarter. AQR Capital Management LLC now owns 4,793 shares of the company’s stock valued at $21,302,000 after purchasing an additional 501 shares during the last quarter. Finally, Twin Lions Management LLC increased its holdings in shares of Seaboard by 14.4% in the fourth quarter. Twin Lions Management LLC now owns 4,398 shares of the company’s stock valued at $19,548,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

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.