Seaboard (NYSEAMERICAN:SEB) Sees Strong Trading Volume – Still a Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) shares saw unusually-high trading volume on Monday . Approximately 2,899 shares changed hands during trading, an increase of 9% from the previous session’s volume of 2,666 shares.The stock last traded at $4,387.4640 and had previously closed at $4,284.98.

Seaboard Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.38. The company’s 50-day simple moving average is $3,666.69 and its 200-day simple moving average is $3,331.35. The stock has a market capitalization of $4.46 billion, a P/E ratio of 11.32 and a beta of 0.22.

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

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 $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, November 7th. Seaboard’s payout ratio is 9.93%.

Institutional Trading of Seaboard

A number of institutional investors have recently modified their holdings of SEB. CIBC Bancorp USA Inc. acquired a new stake in shares of Seaboard during the 3rd quarter worth $554,000. Abel Hall LLC bought a new position in Seaboard during the 3rd quarter worth $201,000. CANADA LIFE ASSURANCE Co lifted its holdings in Seaboard by 16.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 42 shares of the company’s stock worth $155,000 after buying an additional 6 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Seaboard in the 3rd quarter valued at about $226,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Seaboard by 3.5% in the third quarter. Qube Research & Technologies Ltd now owns 1,826 shares of the company’s stock valued at $6,659,000 after buying an additional 61 shares during the period. 22.57% of the stock is currently owned by 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.