Seaboard (NYSEAMERICAN:SEB) Sees Unusually-High Trading Volume – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB) shares saw strong trading volume on Tuesday . 5,708 shares were traded during mid-day trading, an increase of 130% from the previous session’s volume of 2,482 shares.The stock last traded at $4,018.5550 and had previously closed at $4,038.52.

Seaboard Price Performance

The stock has a market capitalization of $3.87 billion, a PE ratio of 9.83 and a beta of 0.22. 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 stock’s fifty day moving average is $3,622.71 and its 200-day moving average is $3,257.96.

Seaboard Announces Dividend

The firm 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 currently 9.93%.

Hedge Funds Weigh In On Seaboard

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Seaboard by 44.7% during the first quarter. CWM LLC now owns 55 shares of the company’s stock worth $148,000 after purchasing an additional 17 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Seaboard by 3.0% during the 1st quarter. Victory Capital Management Inc. now owns 271 shares of the company’s stock worth $731,000 after purchasing an additional 8 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Seaboard by 72.6% during the first quarter. Allianz Asset Management GmbH now owns 404 shares of the company’s stock worth $1,090,000 after buying an additional 170 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Seaboard by 18.4% during the first quarter. Private Management Group Inc. now owns 10,111 shares of the company’s stock worth $27,271,000 after buying an additional 1,570 shares in the last quarter. Finally, Heartland Advisors Inc. raised its position in shares of Seaboard by 25.0% in the first quarter. Heartland Advisors Inc. now owns 2,000 shares of the company’s stock valued at $5,394,000 after buying an additional 400 shares during the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Company Profile

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.