Seaboard (NYSEAMERICAN:SEB) Hits New 1-Year Low - Here's Why

Key Points

• Seaboard shares fell to a new 52-week low, trading as low as $3,532.86 before closing near $3,525.50, well below its 50-day and 200-day moving averages.
• The company reported quarterly revenue of $2.92 billion and earnings of $159.74 per share, with a 6.17% net margin and 12.03% return on equity.
• Institutional investors made several purchases during the second quarter, and hedge funds and other institutions now own 22.57% of Seaboard’s stock.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s stock price hit a new 52-week low on Tuesday. The stock traded as low as $3,532.86 and last traded at $3,525.4990, with a volume of 11,347 shares traded. The stock had previously closed at $3,733.72.

Seaboard Stock Performance

The stock has a fifty day simple moving average of $4,047.40 and a 200-day simple moving average of $4,754.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40. The stock has a market cap of $3.35 billion, a P/E ratio of 5.30 and a beta of 0.21.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $159.74 EPS for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%. The company had revenue of $2.92 billion for the quarter.

Hedge Funds Weigh In On Seaboard

Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP boosted its stake in Seaboard by 235.1% in the 2nd quarter. Susquehanna International Group LLP now owns 754 shares of the company's stock worth $3,366,000 after purchasing an additional 529 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Seaboard in the 2nd quarter valued at about $4,638,000. Corient Private Wealth LP purchased a new stake in Seaboard in the 2nd quarter worth approximately $2,402,000. Hsbc Holdings PLC purchased a new position in Seaboard in the second quarter valued at approximately $1,663,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Seaboard in the 2nd quarter valued at about $8,695,000. Hedge funds and other institutional investors own 22.57% of the company's stock.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.

In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company's commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.

Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.

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