Seaboard (NYSEAMERICAN:SEB) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Seaboard shares fell below their 200-day moving average, trading as low as $4,345.27 versus the average of $5,020.61, before closing at $4,452.32.
• 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 declared a quarterly dividend of $2.25 per share, or $9.00 annualized, though the resulting yield is only 0.2%; institutional investors own 22.57% of the stock.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5,020.61 and traded as low as $4,345.27. Seaboard shares last traded at $4,452.32, with a volume of 39,251 shares trading hands.

Seaboard Stock Performance

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 stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 6.73 and a beta of 0.24. The firm's fifty day moving average price is $4,606.22 and its 200 day moving average price is $5,020.61.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last posted its 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 net margin of 6.17% and a return on equity of 12.03%.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Friday, August 14th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 14th. Seaboard's dividend payout ratio (DPR) is currently 9.93%.

Institutional Investors Weigh In On Seaboard

Several institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV acquired a new position in Seaboard during the 1st quarter worth about $34,000. EverSource Wealth Advisors LLC grew its position in Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company's stock valued at $37,000 after acquiring an additional 8 shares in the last quarter. Wells Fargo & Company MN grew its position in Seaboard by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company's stock valued at $53,000 after acquiring an additional 3 shares in the last quarter. Empowered Funds LLC acquired a new position in Seaboard in the 4th quarter valued at about $58,000. Finally, Fifth Third Bancorp purchased a new stake in Seaboard during the first quarter worth about $62,000. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Company Profile

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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