Seaboard (NYSEAMERICAN:SEB) Sets New 52-Week Low – Here’s Why

Seaboard Co. (NYSEAMERICAN:SEB)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2,526.00 and last traded at $2,539.36, with a volume of 1462 shares. The stock had previously closed at $2,566.82.

Analysts Set New Price Targets

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

Seaboard Trading Down 1.2 %

The firm has a market capitalization of $2.47 billion, a PE ratio of -774.23 and a beta of 0.35. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

Seaboard (NYSEAMERICAN:SEB) last released its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The business had revenue of $2.22 billion for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $2.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.35%. Seaboard’s payout ratio is -273.56%.

Institutional Investors Weigh In On Seaboard

Hedge funds and other institutional investors have recently modified their holdings of the company. Gladius Capital Management LP purchased a new position in Seaboard during the 2nd quarter worth $32,000. Bank of New York Mellon Corp grew its position in Seaboard by 25.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,237 shares of the company’s stock worth $7,070,000 after purchasing an additional 457 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Seaboard by 91.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after purchasing an additional 1,421 shares during the last quarter. Legato Capital Management LLC grew its position in Seaboard by 19.9% during the 2nd quarter. Legato Capital Management LLC now owns 670 shares of the company’s stock worth $2,118,000 after purchasing an additional 111 shares during the last quarter. Finally, Bfsg LLC grew its position in Seaboard by 4.2% during the 2nd quarter. Bfsg LLC now owns 124 shares of the company’s stock worth $392,000 after purchasing an additional 5 shares during the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

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.