Seaboard (NYSEAMERICAN:SEB) Share Price Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• Seaboard shares fell below their 200-day moving average of $4,652.18, reaching as low as $3,750 before last trading at $3,863.58 on volume of 12,373 shares.
• The company reported quarterly earnings of $159.74 per share on $2.92 billion in revenue, with a 6.17% net margin and 12.03% return on equity.
• Seaboard declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 0.2% yield; institutional investors own 22.57% of the company.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $4,652.18 and traded as low as $3,750.00. Seaboard shares last traded at $3,863.58, with a volume of 12,373 shares trading hands.

Seaboard Trading Up 2.3%

The company's 50 day moving average price is $4,120.05 and its 200 day moving average price is $4,652.18. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 5.84 and a beta of 0.21. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 2.40.

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

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were paid a dividend of $2.25 per share. The ex-dividend date was Friday, August 14th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard's payout ratio is currently 9.93%.

Institutional Trading of Seaboard

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Seaboard by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock valued at $266,222,000 after acquiring an additional 2,017 shares during the last quarter. BlackRock Inc. bought a new position in shares of Seaboard in the 2nd quarter worth $106,318,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Seaboard by 238.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock worth $69,725,000 after purchasing an additional 8,683 shares during the period. Wallace Capital Management Inc. acquired a new stake in shares of Seaboard during the second quarter worth $30,675,000. Finally, Kahn Brothers Group Inc. bought a new stake in Seaboard in the second quarter valued at about $24,058,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.