Seaboard (NYSEAMERICAN:SEB) Shares Down 3.7% – Should You Sell?

Seaboard Corporation (NYSEAMERICAN:SEB) fell 3.7% during trading on Friday . The company traded as low as $4,180.64 and last traded at $4,195.00. Approximately 9,998 shares were traded during trading, a decline of 29% from the average session volume of 14,080 shares. The stock had previously closed at $4,356.35.

Seaboard Stock Performance

The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $4,540.90 and its two-hundred day moving average price is $5,002.64. The stock has a market capitalization of $4.09 billion, a PE ratio of 6.44 and a beta of 0.24.

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

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Friday, August 14th will be given a $2.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard’s dividend payout ratio is 9.93%.

Institutional Trading of Seaboard

Several institutional investors have recently bought and sold shares of SEB. Dimensional Fund Advisors LP lifted its stake in Seaboard by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock valued at $266,222,000 after buying an additional 2,017 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 buying an additional 434 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Seaboard during the second quarter valued at approximately $106,318,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Seaboard by 238.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after acquiring an additional 8,683 shares in the last quarter. Finally, Wallace Capital Management Inc. acquired a new stake in shares of Seaboard in the second quarter worth approximately $30,675,000. 22.57% of the stock is owned by institutional investors and hedge funds.

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.