Seaboard (NYSEAMERICAN:SEB) Shares Down 10.1% - What's Next?

Key Points

• Seaboard shares plunged 10.1% — the stock fell from a prior close of $5,687.09 to last trade $5,111.01 (intraday low $5,160.48) on Wednesday, with just 3,216 shares changing hands (about 81% below average volume).
• Fundamentals show solid earnings and low leverage: Seaboard reported quarterly EPS of $124.24 on $2.40 billion revenue, trades at a P/E of 9.5 with a debt/equity of 0.19, and pays a quarterly $2.25 dividend (annualized $9.00) that yields roughly 0.2%; institutional ownership is about 22.6%.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s share price traded down 10.1% during trading on Wednesday . The stock traded as low as $5,160.48 and last traded at $5,111.0050. 3,216 shares changed hands during trading, a decline of 81% from the average session volume of 17,315 shares. The stock had previously closed at $5,687.09.

Seaboard Trading Down 13.8%

The business has a 50 day simple moving average of $5,401.06 and a 200-day simple moving average of $4,763.24. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 9.50 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.40 and a quick ratio of 1.40.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $124.24 earnings per share for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.The business had revenue of $2.40 billion for the quarter.

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 25th. Investors of record on Friday, May 15th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. Seaboard's dividend payout ratio is presently 9.93%.

Institutional Trading of Seaboard

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of Seaboard during the first quarter worth about $62,000. Wells Fargo & Company MN boosted its position in 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 acquiring an additional 3 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Seaboard by 160.0% during the 2nd 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. Empowered Funds LLC bought a new position in shares of Seaboard during the 4th quarter worth approximately $58,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Seaboard in the fourth quarter valued at approximately $93,000. 22.57% of the stock is currently owned by institutional investors.

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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