Seaboard (NYSEAMERICAN:SEB) Hits New 1-Year Low – Here’s What Happened

Seaboard Co. (NYSEAMERICAN:SEB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2,575.31 and last traded at $2,580.20, with a volume of 1068 shares. The stock had previously closed at $2,654.62.

Wall Street Analyst Weigh In

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

Seaboard Stock Performance

The firm has a market capitalization of $2.53 billion, a P/E ratio of -794.01 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%. The company had revenue of $2.22 billion during the quarter.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 annualized dividend and a yield of 0.34%. Seaboard’s dividend payout ratio is currently -273.56%.

Institutional Investors Weigh In On Seaboard

A number of large investors have recently bought and sold shares of SEB. Wilmington Savings Fund Society FSB acquired a new position in Seaboard during the 3rd quarter valued at about $25,000. Gladius Capital Management LP bought a new stake in Seaboard during the second quarter worth $32,000. Farther Finance Advisors LLC purchased a new position in Seaboard in the third quarter worth $50,000. Innealta Capital LLC bought a new stake in shares of Seaboard during the 2nd quarter worth $60,000. Finally, Covestor Ltd boosted its holdings in shares of Seaboard by 21.2% in the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after buying an additional 7 shares during the last quarter. 22.57% of the stock is currently 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.