Seaboard (NYSEAMERICAN:SEB) Trading Up 5.6% – What’s Next?

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) were up 5.6% on Tuesday . The stock traded as high as $4,825.43 and last traded at $4,914.7330. Approximately 3,056 shares were traded during trading, a decline of 81% from the average daily volume of 16,274 shares. The stock had previously closed at $4,653.03.

Seaboard Trading Up 5.2%

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.38 and a quick ratio of 1.29. The company has a market cap of $4.70 billion, a PE ratio of 8.02 and a beta of 0.27. The company’s 50 day simple moving average is $5,335.69 and its two-hundred day simple moving average is $4,845.70.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share for the quarter. The company had revenue of $2.40 billion during the quarter. Seaboard had a net margin of 5.93% and a return on equity of 11.42%.

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 25th. Stockholders of record on Friday, May 15th will be given 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 is Friday, May 15th. Seaboard’s dividend payout ratio is currently 9.93%.

Institutional Trading of Seaboard

Several hedge funds have recently made changes to their positions in the business. Edgestream Partners L.P. lifted its position in shares of Seaboard by 72.9% during the first quarter. Edgestream Partners L.P. now owns 102 shares of the company’s stock worth $577,000 after purchasing an additional 43 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Seaboard by 36.9% during the first quarter. California State Teachers Retirement System now owns 367 shares of the company’s stock worth $2,075,000 after purchasing an additional 99 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Seaboard by 21.9% during the first quarter. Royal Bank of Canada now owns 39 shares of the company’s stock worth $220,000 after purchasing an additional 7 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Seaboard by 20.3% during the first quarter. The Manufacturers Life Insurance Company now owns 89 shares of the company’s stock worth $503,000 after purchasing an additional 15 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its position in shares of Seaboard by 6.9% during the first quarter. Maverick Capital Ltd. now owns 741 shares of the company’s stock worth $4,190,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Seaboard

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.