Seaboard (NYSEAMERICAN:SEB) Downgraded by StockNews.com

StockNews.com downgraded shares of Seaboard (NYSEAMERICAN:SEB) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Seaboard Trading Up 0.7 %

Shares of SEB stock opened at $3,181.32 on Tuesday. Seaboard has a 1 year low of $2,955.33 and a 1 year high of $3,848.65. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 12.06 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 data on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The business had revenue of $2.21 billion for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Friday, August 9th. Seaboard’s dividend payout ratio (DPR) is presently 3.74%.

Hedge Funds Weigh In On Seaboard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEB. Gladius Capital Management LP bought a new position in shares of Seaboard during the 2nd quarter valued at about $32,000. Innealta Capital LLC bought a new stake in Seaboard during the second quarter worth approximately $60,000. Covestor Ltd grew its position 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 during the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of Seaboard by 115.8% in the first quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock valued at $132,000 after buying an additional 22 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Seaboard in the second quarter valued at $205,000. 22.57% of the stock is owned by institutional investors.

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.