Seaboard (NYSEAMERICAN:SEB) Sets New 1-Year High – Time to Buy?

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $5,195.00 and last traded at $5,187.00, with a volume of 4660 shares trading hands. The stock had previously closed at $5,082.28.

Seaboard Stock Performance

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 firm’s fifty day moving average is $4,563.08 and its 200 day moving average is $3,938.62. The company has a market cap of $5.00 billion, a PE ratio of 12.71 and a beta of 0.37.

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

Hedge Funds Weigh In On Seaboard

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Seaboard in the 2nd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares during the last quarter. Farther Finance Advisors LLC grew its position in Seaboard by 37.5% in the fourth quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock worth $98,000 after acquiring an additional 6 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Seaboard by 20.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after acquiring an additional 6 shares during the last quarter. Finally, Comerica Bank raised its position in Seaboard by 700.0% in the fourth quarter. Comerica Bank now owns 24 shares of the company’s stock valued at $107,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.