Seaboard (NYSEAMERICAN:SEB) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Seaboard shares fell below their 200-day moving average of $4,779.51, trading as low as $3,990.37 before closing at $4,112.69.
• The company reported quarterly EPS of $159.74 on revenue of $2.92 billion, with a 12.03% return on equity and a 6.17% net margin.
• Seaboard declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually, though its yield is just 0.2%; institutional investors own 22.57% of the stock.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4,779.51 and traded as low as $3,990.37. Seaboard shares last traded at $4,112.69, with a volume of 7,757 shares.

Seaboard Stock Performance

The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $4,215.38 and a two-hundred day moving average price of $4,779.51. The firm has a market cap of $3.95 billion, a PE ratio of 6.21 and a beta of 0.21.

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

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 14th were given 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 presently 9.93%.

Institutional Trading of Seaboard

Several large investors have recently bought and sold shares of SEB. Engineers Gate Manager LP acquired a new position in shares of Seaboard during the 2nd quarter worth approximately $1,420,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Seaboard in the second quarter valued at approximately $62,000. NewEdge Advisors LLC increased its holdings in shares of Seaboard by 14.0% in the second quarter. NewEdge Advisors LLC now owns 57 shares of the company's stock valued at $254,000 after purchasing an additional 7 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Seaboard in the second quarter valued at approximately $27,000. Finally, Nykredit A S acquired a new stake in shares of Seaboard in the second quarter valued at approximately $98,000. 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 headquartered in Merriam, Kansas. Its operations span several industries, including pork production, commodity trading, marine transportation, sugar production, power generation and turkey processing.

Through Seaboard Foods, the company produces and processes pork in the United States, operating farms, feed mills and processing facilities. Its international trading activities involve commodities such as grain, feed ingredients and sugar.

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