Seaboard (NYSEAMERICAN:SEB) Sees Large Volume Increase – Here’s Why

Seaboard Corporation (NYSEAMERICAN:SEB) shares saw unusually-strong trading volume on Tuesday . Approximately 4,173 shares changed hands during trading, an increase of 35% from the previous session’s volume of 3,089 shares.The stock last traded at $4,268.4350 and had previously closed at $4,263.25.

Seaboard Trading Up 2.4%

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 fifty day simple moving average of $3,818.57 and a 200-day simple moving average of $3,460.91. The company has a market capitalization of $4.19 billion, a PE ratio of 10.69 and a beta of 0.33.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $113.71 earnings per share (EPS) for the quarter. The firm had revenue of $2.54 billion during 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 disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were issued a $2.25 dividend. The ex-dividend date was 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 currently 9.93%.

Hedge Funds Weigh In On Seaboard

Large investors have recently modified their holdings of the business. Allworth Financial LP acquired a new stake in shares of Seaboard during the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC increased its holdings in Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Seaboard by 328.6% during the third quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after purchasing an additional 23 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Seaboard by 20.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after acquiring an additional 6 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Seaboard by 19.5% during the 1st quarter. Covestor Ltd now owns 49 shares of the company’s stock worth $133,000 after acquiring an additional 8 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.