Seaboard (NYSEAMERICAN:SEB) Stock Price Down 6.7% – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB) fell 6.7% during trading on Wednesday . The stock traded as low as $5,564.23 and last traded at $5,443.85. 3,194 shares changed hands during trading, a decline of 82% from the average session volume of 17,875 shares. The stock had previously closed at $5,833.05.

Seaboard Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 2.40. The firm’s 50 day simple moving average is $5,385.98 and its 200 day simple moving average is $4,728.45. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.80 and a beta of 0.28.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Thursday, February 12th. The company reported $262.99 earnings per share for the quarter. The firm had revenue of $2.41 billion during the quarter. Seaboard had a net margin of 5.09% and a return on equity of 10.01%.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, February 23rd. Seaboard’s payout ratio is 9.93%.

Hedge Funds Weigh In On Seaboard

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Seaboard by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 27,267 shares of the company’s stock valued at $121,197,000 after purchasing an additional 434 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Seaboard by 14,586.5% during the 4th quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock valued at $67,890,000 after purchasing an additional 15,170 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Seaboard by 6.5% during the 3rd quarter. American Century Companies Inc. now owns 5,844 shares of the company’s stock valued at $21,313,000 after purchasing an additional 359 shares in the last quarter. AQR Capital Management LLC increased its holdings in Seaboard by 11.7% in the 4th quarter. AQR Capital Management LLC now owns 4,793 shares of the company’s stock worth $21,302,000 after acquiring an additional 501 shares in the last quarter. Finally, Twin Lions Management LLC increased its holdings in Seaboard by 14.4% in the 4th quarter. Twin Lions Management LLC now owns 4,398 shares of the company’s stock worth $19,548,000 after acquiring an additional 555 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

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.