Seaboard (NYSEAMERICAN:SEB) Shares Down 3.7% – What’s Next?

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) traded down 3.7% on Friday . The company traded as low as $4,180.64 and last traded at $4,195.00. Approximately 9,998 shares were traded during mid-day trading, a decline of 29% from the average session volume of 14,080 shares. The stock had previously closed at $4,356.35.

Seaboard Price Performance

The business has a 50-day moving average price of $4,562.05 and a 200 day moving average price of $5,007.87. The stock has a market cap of $4.04 billion, a PE ratio of 6.36 and a beta of 0.24. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The business had revenue of $2.92 billion for the quarter.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Friday, August 14th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 14th. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Seaboard by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company’s stock worth $266,222,000 after acquiring an additional 2,017 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Seaboard by 238.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company’s stock valued at $69,725,000 after purchasing an additional 8,683 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Seaboard by 200.9% during the 1st quarter. Quantinno Capital Management LP now owns 683 shares of the company’s stock valued at $3,862,000 after purchasing an additional 456 shares during the last quarter. Corient Private Wealth LLC raised its position in Seaboard by 108.2% in the 4th quarter. Corient Private Wealth LLC now owns 1,045 shares of the company’s stock worth $4,645,000 after purchasing an additional 543 shares during the period. Finally, OP Asset Management Ltd purchased a new position in Seaboard in the 1st quarter worth $4,071,000. 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.