Seaboard (NYSEAMERICAN:SEB) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4,866.48 and traded as low as $4,235.77. Seaboard shares last traded at $4,248.96, with a volume of 16,543 shares changing hands.

Seaboard Stock Up 0.6%

The company has a market cap of $4.10 billion, a price-to-earnings ratio of 6.46 and a beta of 0.22. The stock has a 50-day simple moving average of $4,354.40 and a 200-day simple moving average of $4,862.33. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

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

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Institutional Trading of Seaboard

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Seaboard by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock valued at $266,222,000 after acquiring an additional 2,017 shares during the period. BlackRock Inc. acquired a new stake in Seaboard in the second quarter worth approximately $106,318,000. Arrowstreet Capital Limited Partnership boosted its stake in Seaboard by 238.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after purchasing an additional 8,683 shares in the last quarter. Wallace Capital Management Inc. bought a new position in Seaboard during the 2nd quarter valued at $30,675,000. Finally, Kahn Brothers Group Inc. acquired a new position in shares of Seaboard during the 2nd quarter valued at $24,058,000. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Company Profile

Seaboard Corporation is a diversified international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard’s pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.