Seaboard (NYSEAMERICAN:SEB) Stock Price Up 5.6% – Still a Buy?

Seaboard Corporation (NYSEAMERICAN:SEB)’s stock price rose 5.6% during trading on Tuesday . The stock traded as high as $4,825.43 and last traded at $4,914.7330. Approximately 3,056 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 16,274 shares. The stock had previously closed at $4,653.03.

Seaboard Stock Up 0.7%

The stock has a market cap of $4.83 billion, a PE ratio of 8.28 and a beta of 0.27. The firm has a fifty day moving average of $5,334.25 and a 200 day moving average of $4,868.79. The company has a quick ratio of 1.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, May 5th. The company reported $124.24 EPS for the quarter. The firm had revenue of $2.40 billion for the quarter. Seaboard had a return on equity of 11.42% and a net margin of 5.93%.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 25th. Shareholders of record on Friday, May 15th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. Seaboard’s payout ratio is presently 9.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEB. Citigroup Inc. lifted its stake in shares of Seaboard by 982.6% during the 3rd quarter. Citigroup Inc. now owns 498 shares of the company’s stock worth $1,816,000 after purchasing an additional 452 shares during the period. SummerHaven Investment Management LLC acquired a new position in shares of Seaboard during the 3rd quarter valued at about $1,036,000. Vanguard Group Inc. increased its stake in shares of Seaboard by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 26,833 shares of the company’s stock valued at $97,860,000 after acquiring an additional 230 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Seaboard during the 4th quarter valued at about $858,000. Finally, M&T Bank Corp increased its stake in shares of Seaboard by 14,586.5% during the 4th quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock valued at $67,890,000 after acquiring an additional 15,170 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.