Seaboard (NYSEAMERICAN:SEB) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5,033.74 and traded as low as $4,663.56. Seaboard shares last traded at $4,735.67, with a volume of 6,106 shares.

Seaboard Stock Performance

The stock has a market capitalization of $4.55 billion, a PE ratio of 7.80 and a beta of 0.23. The business’s 50 day moving average is $5,124.98 and its 200 day moving average is $5,031.67. The company has a current ratio of 2.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18.

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

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Friday, May 15th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. Seaboard’s dividend payout ratio is presently 9.93%.

Hedge Funds Weigh In On Seaboard

A number of large investors have recently bought and sold shares of SEB. KBC Group NV purchased a new stake in Seaboard in the first quarter worth $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Seaboard by 160.0% during the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Seaboard by 33.3% in the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after purchasing an additional 3 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Seaboard in the fourth quarter worth about $58,000. Finally, Fifth Third Bancorp purchased a new position in Seaboard in the 1st quarter worth about $62,000. Hedge funds and other institutional investors 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.