Seaboard (NYSEAMERICAN:SEB) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5,020.61 and traded as low as $4,345.27. Seaboard shares last traded at $4,452.32, with a volume of 39,251 shares.

Seaboard Stock Down 2.1%

The firm has a market cap of $4.22 billion, a PE ratio of 6.66 and a beta of 0.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. The company’s 50-day simple moving average is $4,595.07 and its two-hundred day simple moving average is $5,017.47.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. The firm had revenue of $2.92 billion for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%.

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Friday, August 14th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 14th. Seaboard’s payout ratio is currently 9.93%.

Institutional Investors Weigh In On Seaboard

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kahn Brothers Group Inc. bought a new stake in shares of Seaboard in the 2nd quarter worth approximately $24,058,000. United Capital Financial Advisors LLC purchased a new stake in Seaboard in the second quarter worth $210,000. Jefferies Financial Group Inc. purchased a new stake in Seaboard in the second quarter worth $263,000. Public Employees Retirement System of Ohio bought a new stake in Seaboard in the second quarter valued at $384,000. Finally, Corient Private Wealth LP purchased a new position in Seaboard during the 2nd quarter valued at $2,402,000. 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.