Seaboard (NYSEAMERICAN:SEB) Sets New 1-Year Low – What’s Next?

Seaboard Co. (NYSEAMERICAN:SEB)’s share price reached a new 52-week low on Monday . The company traded as low as $2,646.81 and last traded at $2,648.50, with a volume of 428 shares traded. The stock had previously closed at $2,653.77.

Analyst Upgrades and Downgrades

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

Seaboard Trading Up 1.9 %

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 data on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The company 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 announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a yield of 0.33%. Seaboard’s payout ratio is -273.56%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds and other institutional investors have recently bought and sold shares of SEB. Dimensional Fund Advisors LP increased its stake in Seaboard by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock valued at $145,358,000 after acquiring an additional 1,081 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Seaboard by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,189 shares of the company’s stock worth $74,759,000 after acquiring an additional 66 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Seaboard by 81.4% in the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock valued at $28,957,000 after purchasing an additional 4,129 shares in the last quarter. Kahn Brothers Group Inc. increased its position in Seaboard by 1.0% during the 1st quarter. Kahn Brothers Group Inc. now owns 9,052 shares of the company’s stock worth $29,183,000 after purchasing an additional 89 shares in the last quarter. Finally, Private Management Group Inc. lifted its stake in Seaboard by 4.6% in 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 during the last quarter. 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.