Seaboard (NYSEAMERICAN:SEB) Stock Price Up 2.2% – Should You Buy?

Seaboard Co. (NYSEAMERICAN:SEB) shares were up 2.2% during mid-day trading on Friday . The stock traded as high as $2,714.99 and last traded at $2,725.31. Approximately 1,449 shares were traded during trading, a decline of 37% from the average daily volume of 2,318 shares. The stock had previously closed at $2,665.81.

Seaboard Trading Up 1.7 %

The stock has a market cap of $2.63 billion, a P/E ratio of 29.92 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. The stock’s fifty day moving average price is $2,634.74.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $9.00 dividend on an annualized basis and a yield of 0.33%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SEB. Charles Schwab Investment Management Inc. increased its holdings in shares of Seaboard by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company’s stock valued at $12,429,000 after acquiring an additional 663 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Seaboard by 122.5% during the third quarter. BNP Paribas Financial Markets now owns 158 shares of the company’s stock worth $496,000 after purchasing an additional 87 shares in the last quarter. Readystate Asset Management LP lifted its position in shares of Seaboard by 135.8% during the 3rd quarter. Readystate Asset Management LP now owns 316 shares of the company’s stock worth $991,000 after buying an additional 182 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Seaboard by 81.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,115 shares of the company’s stock valued at $9,772,000 after buying an additional 1,400 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Seaboard by 0.9% in the 3rd quarter. Jane Street Group LLC now owns 437 shares of the company’s stock valued at $1,371,000 after buying an additional 4 shares during the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

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.