Seaboard (NYSEAMERICAN:SEB) Downgraded by StockNews.com

Seaboard (NYSEAMERICAN:SEB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Seaboard Stock Performance

Shares of NYSEAMERICAN:SEB traded down $4.70 during mid-day trading on Wednesday, hitting $3,094.36. The company had a trading volume of 2,238 shares, compared to its average volume of 1,838. The firm has a market capitalization of $3.00 billion, a P/E ratio of 12.86 and a beta of 0.35. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. Seaboard has a one year low of $2,955.33 and a one year high of $3,850.00.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The company had revenue of $2.21 billion during the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Institutional Trading of Seaboard

Several hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in Seaboard during the 2nd quarter valued at $32,000. Innealta Capital LLC bought a new stake in Seaboard during the 2nd quarter valued at $60,000. Covestor Ltd increased its stake in Seaboard by 18.5% during the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after purchasing an additional 5 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in Seaboard by 115.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock valued at $132,000 after purchasing an additional 22 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Seaboard during the 2nd quarter valued at $205,000. Institutional investors own 22.57% of the company’s stock.

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.