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

Key Points

• Seaboard shares fell below their 200-day moving average of $4,730.66, trading as low as $3,960.50 before last changing hands at $4,033.82.
• The company reported quarterly earnings of $159.74 per share on $2.92 billion in revenue, with a 12.03% return on equity and a 6.17% net margin.
• Seaboard declared a quarterly dividend of $2.25, equivalent to $9.00 annually and a 0.2% yield; institutional investors and hedge funds own 22.57% of the stock.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $4,730.66 and traded as low as $3,960.50. Seaboard shares last traded at $4,033.82, with a volume of 13,437 shares.

Seaboard Stock Up 1.5%

The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 6.10 and a beta of 0.21. The firm's 50 day simple moving average is $4,164.66 and its two-hundred day simple moving average is $4,730.66.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings data 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 Announces Dividend

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

Hedge Funds Weigh In On Seaboard

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Seaboard by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock worth $266,222,000 after purchasing an additional 2,017 shares during the last quarter. BlackRock Inc. acquired a new stake in Seaboard in the second quarter valued at $106,318,000. Arrowstreet Capital Limited Partnership increased its holdings in Seaboard by 238.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock valued at $69,725,000 after purchasing an additional 8,683 shares during the period. Wallace Capital Management Inc. bought a new position in Seaboard during the 2nd quarter worth $30,675,000. Finally, Kahn Brothers Group Inc. bought a new position in Seaboard during the 2nd quarter worth $24,058,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Company Profile

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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