Seaboard (NYSEAMERICAN:SEB) Sees Unusually-High Trading Volume

Shares of Seaboard Co. (NYSEAMERICAN:SEB) saw an uptick in trading volume on Wednesday . 1,150 shares were traded during trading, a decline of 61% from the previous session’s volume of 2,981 shares.The stock last traded at $3,093.00 and had previously closed at $3,120.69.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seaboard from a “hold” rating to a “buy” rating in a research note on Tuesday.

Seaboard Stock Performance

The stock has a market cap of $2.98 billion, a PE ratio of 12.97 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 (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%. The company had revenue of $2.21 billion during the quarter.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 annualized dividend and a yield of 0.29%. Seaboard’s payout ratio is 3.74%.

Institutional Investors Weigh In On Seaboard

Several hedge funds and other institutional investors have recently modified their holdings of the business. Gladius Capital Management LP purchased a new position in Seaboard in the 2nd quarter worth about $32,000. Innealta Capital LLC bought a new stake in Seaboard during the 2nd quarter valued at $60,000. Covestor Ltd raised its stake in Seaboard by 18.5% in the first quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after buying an additional 5 shares in the last quarter. Janiczek Wealth Management LLC raised its position in shares of Seaboard by 115.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock worth $132,000 after acquiring an additional 22 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in shares of Seaboard during the 4th quarter worth $207,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

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.