Seaboard (NYSEAMERICAN:SEB) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a research report released on Saturday.

Separately, TheStreet lowered shares of Seaboard from a b rating to a c+ rating in a report on Thursday, February 15th.

Seaboard Stock Down 0.0 %

NYSEAMERICAN SEB opened at $3,219.00 on Friday. Seaboard has a fifty-two week low of $3,048.01 and a fifty-two week high of $3,942.64. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 13.37 and a beta of 0.38. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $64.67 earnings per share for the quarter. The business had revenue of $2.28 billion for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be issued a $2.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $9.00 dividend on an annualized basis and a yield of 0.28%. Seaboard’s payout ratio is 3.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SEB. Bank of New York Mellon Corp raised its holdings in Seaboard by 12.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock worth $5,348,000 after purchasing an additional 161 shares during the last quarter. Strs Ohio raised its stake in Seaboard by 8.6% during the third quarter. Strs Ohio now owns 456 shares of the company’s stock worth $1,711,000 after buying an additional 36 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in Seaboard in the third quarter valued at $300,000. Private Management Group Inc. boosted its position in Seaboard by 1.5% during the third quarter. Private Management Group Inc. now owns 3,886 shares of the company’s stock valued at $14,584,000 after acquiring an additional 56 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in Seaboard during the 3rd quarter worth about $300,000. 22.57% of the stock is owned by institutional investors and hedge funds.

About Seaboard

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.