Seaboard (NYSEAMERICAN:SEB) Shares Gap Up – Here’s What Happened

Seaboard Corporation (NYSEAMERICAN:SEB)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $3,974.05, but opened at $4,071.89. Seaboard shares last traded at $3,938.7270, with a volume of 616 shares changing hands.

Seaboard Stock Performance

The company has a market cap of $3.80 billion, a PE ratio of 5.96 and a beta of 0.22. The stock’s 50 day simple moving average is $4,319.39 and its two-hundred day simple moving average is $4,840.34. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18.

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

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 14th. Seaboard’s payout ratio is currently 9.93%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds have recently made changes to their positions in SEB. BlackRock Inc. acquired a new position in shares of Seaboard during the 2nd quarter valued at $106,318,000. Arrowstreet Capital Limited Partnership increased its holdings in Seaboard by 238.0% in 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 in the last quarter. Wallace Capital Management Inc. purchased a new position in Seaboard in the second quarter valued at about $30,675,000. Kahn Brothers Group Inc. acquired a new position in shares of Seaboard during the second quarter worth about $24,058,000. Finally, Dimensional Fund Advisors LP lifted 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 purchasing an additional 2,017 shares in the last quarter. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard’s pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.