Seaboard (NYSEAMERICAN:SEB) Upgraded at StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a report released on Tuesday morning.

Seaboard Price Performance

SEB opened at $2,669.14 on Tuesday. Seaboard has a 1 year low of $2,650.00 and a 1 year high of $3,796.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.47. The company has a market cap of $2.59 billion, a P/E ratio of -811.29 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data 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 business had revenue of $2.22 billion during the quarter.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, November 8th. Seaboard’s dividend payout ratio is presently -273.56%.

Hedge Funds Weigh In On Seaboard

A number of institutional investors and hedge funds have recently bought and sold shares of SEB. Covestor Ltd raised its stake in shares of Seaboard by 21.2% during the third quarter. Covestor Ltd now owns 40 shares of the company’s stock valued at $127,000 after purchasing an additional 7 shares during the period. Private Management Group Inc. grew its holdings in Seaboard by 4.6% during the 3rd quarter. Private Management Group Inc. now owns 6,531 shares of the company’s stock valued at $20,488,000 after purchasing an additional 289 shares in the last quarter. VELA Investment Management LLC increased its stake in Seaboard by 20.9% during the 3rd quarter. VELA Investment Management LLC now owns 976 shares of the company’s stock worth $3,062,000 after buying an additional 169 shares during the period. Farther Finance Advisors LLC acquired a new position in Seaboard in the 3rd quarter worth $50,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Seaboard by 5.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,155 shares of the company’s stock valued at $9,897,000 after buying an additional 174 shares during the last quarter. 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.