Seaboard (NYSEAMERICAN:SEB) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Seaboard shares fell below their 200-day moving average of $4,866.48, trading as low as $4,235.77 before closing at $4,248.96 on volume of 16,543 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 paid 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 stock.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4,866.48 and traded as low as $4,235.77. Seaboard shares last traded at $4,248.96, with a volume of 16,543 shares traded.

Seaboard Stock Performance

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 firm has a market capitalization of $4.08 billion, a PE ratio of 6.42 and a beta of 0.22. The firm's 50 day moving average price is $4,362.26 and its 200-day moving average price is $4,866.48.

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

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 14th. Seaboard's dividend payout ratio (DPR) is presently 9.93%.

Institutional Investors Weigh In On Seaboard

Several large investors have recently bought and sold shares of the company. Abel Hall LLC grew its holdings in shares of Seaboard by 3.0% during the 1st quarter. Abel Hall LLC now owns 69 shares of the company's stock worth $390,000 after purchasing an additional 2 shares during the period. NewEdge Advisors LLC boosted its stake in Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company's stock worth $283,000 after buying an additional 2 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Seaboard by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 124 shares of the company's stock worth $701,000 after acquiring an additional 2 shares during the last quarter. KBC Group NV purchased a new position in shares of Seaboard during the 1st quarter worth approximately $34,000. Finally, IFP Advisors Inc purchased a new position in shares of Seaboard during the 2nd quarter worth approximately $27,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

About Seaboard

Seaboard Corporation is a diversified international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard's pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.

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