Seaboard (NYSEAMERICAN:SEB) Hits New 12-Month High - Should You Buy?

Key Points

• Seaboard's shares hit a new 52-week high, trading as high as $5,932.39 (last $5,839.32) with 11,179 shares changing hands and sitting above its 50-day ($5,189.22) and 200-day ($4,458.29) moving averages.
• Fundamentals show a market cap of $5.6B and a P/E of 11.56, low leverage (debt-to-equity 0.19), and solid quarterly results (EPS $262.99 on $2.41B revenue, ROE 10.01%, net margin 5.09%).
• Seaboard pays a quarterly dividend of $2.25 (annualized $9.00) for a 0.2% yield with a low payout ratio (~9.93%), and institutional ownership is about 22.6% with modest recent inflows from several funds.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $5,932.39 and last traded at $5,839.3240, with a volume of 11179 shares changing hands. The stock had previously closed at $5,906.78.

Seaboard Stock Down 1.3%

The company has a quick ratio of 1.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 11.56 and a beta of 0.28. The stock has a 50 day moving average of $5,189.22 and a 200 day moving average of $4,458.29.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $262.99 earnings per share (EPS) for the quarter. The firm had revenue of $2.41 billion for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd were issued 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 Monday, February 23rd. Seaboard's payout ratio is currently 9.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company's stock worth $37,000 after acquiring an additional 8 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Seaboard by 33.3% during the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock worth $53,000 after purchasing an additional 3 shares during the period. Empowered Funds LLC bought a new stake in shares of Seaboard in the 4th quarter worth approximately $58,000. Caitong International Asset Management Co. Ltd acquired a new position in Seaboard during the 4th quarter valued at approximately $93,000. Finally, Farther Finance Advisors LLC lifted its stake in Seaboard by 37.5% in the fourth quarter. Farther Finance Advisors LLC now owns 22 shares of the company's stock valued at $98,000 after buying an additional 6 shares during the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company's principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard's integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.

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