Seaboard (NYSEAMERICAN:SEB) Hits New 1-Year Low – Should You Sell?

Seaboard Co. (NYSEAMERICAN:SEB)’s stock price hit a new 52-week low on Monday . The company traded as low as $2,646.81 and last traded at $2,648.50, with a volume of 428 shares traded. The stock had previously closed at $2,653.77.

Wall Street Analysts Forecast Growth

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

Seaboard Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50.

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

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 8th. Seaboard’s payout ratio is -273.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SEB. Gladius Capital Management LP purchased a new position in shares of Seaboard during the 2nd quarter valued at about $32,000. Farther Finance Advisors LLC purchased a new position in Seaboard during the 3rd quarter valued at about $50,000. Innealta Capital LLC bought a new stake in shares of Seaboard in the 2nd quarter worth approximately $60,000. Covestor Ltd lifted its stake in shares of 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. Finally, Squarepoint Ops LLC bought a new position in shares of Seaboard during the second quarter valued at $205,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.