Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $3,747.38 and last traded at $3,708.69, with a volume of 1608 shares traded. The stock had previously closed at $3,690.61.
Seaboard Stock Performance
The company has a market capitalization of $3.81 billion, a PE ratio of 27.70 and a beta of 0.19. The company has a 50 day moving average of $3,256.78 and a two-hundred day moving average of $2,843.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 1.38.
Seaboard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard's dividend payout ratio (DPR) is 9.93%.
Seaboard announced that its board has approved a stock repurchase plan on Wednesday, May 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SEB. M&T Bank Corp grew its position in shares of Seaboard by 3.1% during the second quarter. M&T Bank Corp now owns 99 shares of the company's stock worth $284,000 after purchasing an additional 3 shares in the last quarter. Bfsg LLC grew its holdings in Seaboard by 8.5% during the 1st quarter. Bfsg LLC now owns 77 shares of the company's stock valued at $208,000 after buying an additional 6 shares in the last quarter. Aigen Investment Management LP grew its holdings in Seaboard by 7.0% during the 1st quarter. Aigen Investment Management LP now owns 92 shares of the company's stock valued at $248,000 after buying an additional 6 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Seaboard by 20.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company's stock valued at $103,000 after buying an additional 6 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Seaboard by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 123 shares of the company's stock valued at $352,000 after buying an additional 6 shares in the last quarter. Institutional investors own 22.57% of the company's stock.
About Seaboard
(
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Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.
Further Reading
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