Seaboard (NYSEAMERICAN:SEB) Sets New 12-Month Low – Here’s What Happened

Shares of Seaboard Co. (NYSEAMERICAN:SEB) hit a new 52-week low on Wednesday . The company traded as low as $2,500.14 and last traded at $2,500.46, with a volume of 414 shares changing hands. The stock had previously closed at $2,542.46.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Seaboard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Seaboard Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -745.86 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. The business had revenue of $2.22 billion for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $2.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.37%. Seaboard’s payout ratio is -273.56%.

Institutional Investors Weigh In On Seaboard

A number of institutional investors have recently added to or reduced their stakes in SEB. Cerity Partners LLC lifted its holdings in shares of Seaboard by 263.5% during the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company’s stock worth $4,401,000 after acquiring an additional 1,017 shares during the period. Rhumbline Advisers lifted its stake in Seaboard by 44.9% during the second quarter. Rhumbline Advisers now owns 913 shares of the company’s stock worth $2,886,000 after purchasing an additional 283 shares during the period. Victory Capital Management Inc. boosted its holdings in Seaboard by 195.4% during the third quarter. Victory Capital Management Inc. now owns 700 shares of the company’s stock valued at $2,196,000 after purchasing an additional 463 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Seaboard by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 3,725 shares of the company’s stock valued at $11,774,000 after purchasing an additional 287 shares during the period. Finally, Private Management Group Inc. raised its holdings in shares of Seaboard by 16.0% in the 2nd quarter. Private Management Group Inc. now owns 6,242 shares of the company’s stock worth $19,729,000 after buying an additional 860 shares in 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.