Seaboard (NYSEAMERICAN:SEB) Reaches New 52-Week Low – Here’s What Happened

Shares of Seaboard Co. (NYSEAMERICAN:SEB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2,575.31 and last traded at $2,580.20, with a volume of 1068 shares trading hands. The stock had previously closed at $2,654.62.

Analyst Ratings Changes

Separately, StockNews.com lowered Seaboard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Seaboard Trading Up 0.7 %

The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -802.16 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share 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 for the quarter.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is currently -273.56%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SEB. Wilmington Savings Fund Society FSB acquired a new stake in Seaboard in the 3rd quarter valued at $25,000. Gladius Capital Management LP acquired a new stake in Seaboard in the 2nd quarter valued at $32,000. Farther Finance Advisors LLC acquired a new stake in Seaboard in the 3rd quarter valued at $50,000. Innealta Capital LLC acquired a new stake in Seaboard in the 2nd quarter valued at $60,000. Finally, Covestor Ltd increased its holdings in Seaboard by 21.2% in the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock valued at $127,000 after purchasing an additional 7 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

About Seaboard

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.