Seaboard Co. (NYSEAMERICAN:SEB - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 4,683 shares changed hands during mid-day trading, an increase of 74% from the previous session's volume of 2,689 shares.The stock last traded at $3,227.06 and had previously closed at $3,223.92.
Analysts Set New Price Targets
A number of research analysts recently weighed in on SEB shares. StockNews.com lowered shares of Seaboard from a "buy" rating to a "hold" rating in a research note on Thursday, December 14th. TheStreet downgraded shares of Seaboard from a "b" rating to a "c+" rating in a report on Thursday, February 15th.
Read Our Latest Research Report on SEB
Seaboard Trading Down 1.0 %
The firm has a market capitalization of $3.10 billion, a PE ratio of 15.63 and a beta of 0.41. The company has a current ratio of 2.52, a quick ratio of 1.42 and a debt-to-equity ratio of 0.22.
Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $64.67 earnings per share (EPS) for the quarter. The business had revenue of $2.28 billion during the quarter. Seaboard had a net margin of 2.36% and a return on equity of 4.55%.
Seaboard Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 23rd were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.28%. Seaboard's payout ratio is currently 4.41%.
Hedge Funds Weigh In On Seaboard
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEB. Advisor Group Holdings Inc. boosted its position in Seaboard by 3,450.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 71 shares of the company's stock valued at $298,000 after buying an additional 69 shares during the period. American Century Companies Inc. purchased a new position in Seaboard in the 1st quarter valued at approximately $383,000. Citigroup Inc. boosted its position in Seaboard by 36.4% in the 1st quarter. Citigroup Inc. now owns 30 shares of the company's stock valued at $126,000 after buying an additional 8 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Seaboard during the 1st quarter worth $400,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Seaboard during the 1st quarter worth $25,000. Hedge funds and other institutional investors own 22.57% of the company's stock.
About Seaboard
(
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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.
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