Seaboard (NYSEAMERICAN:SEB) Sees Large Volume Increase – Time to Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) saw unusually-high trading volume on Wednesday . Approximately 6,176 shares were traded during trading, an increase of 111% from the previous session’s volume of 2,928 shares.The stock last traded at $4,544.50 and had previously closed at $4,689.72.

Seaboard Trading Down 2.8%

The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 11.09 and a beta of 0.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.49 and a current ratio of 2.44. The company has a 50-day moving average price of $3,761.52 and a 200-day moving average price of $3,407.68.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, October 28th. The company reported $113.71 earnings per share for the quarter. The firm had revenue of $2.54 billion during the quarter. Seaboard had a return on equity of 8.21% and a net margin of 4.04%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, November 7th. Seaboard’s dividend payout ratio (DPR) is currently 9.93%.

Institutional Trading of Seaboard

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new stake in Seaboard in the third quarter valued at approximately $554,000. Abel Hall LLC purchased a new position in Seaboard during the 3rd quarter worth $201,000. CANADA LIFE ASSURANCE Co increased its stake in Seaboard by 16.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 42 shares of the company’s stock valued at $155,000 after purchasing an additional 6 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Seaboard in the third quarter valued at about $226,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Seaboard by 3.5% during the third quarter. Qube Research & Technologies Ltd now owns 1,826 shares of the company’s stock worth $6,659,000 after buying an additional 61 shares during the period. 22.57% of the stock is owned by hedge funds and other institutional investors.

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.