Seaboard (NYSEAMERICAN:SEB) Shares Down 5.8% - What's Next?

Key Points

• Seaboard Corporation's share price experienced a significant decline of 5.8%, closing at $3,273.74 after trading as low as $3,302.00.
• The company declared a quarterly dividend of $2.25 per share, representing an annualized payout of $9.00 and a dividend yield of 0.3%.
• Institutional investors have increased their holdings in Seaboard, with Vanguard Group increasing its stake by 11.2% during the first quarter.

Seaboard Corporation (NYSEAMERICAN:SEB - )'s share price fell 5.8% on Thursday . The stock traded as low as $3,302.00 and last traded at $3,273.74. 1,284 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 2,123 shares. The stock had previously closed at $3,477.10.

Seaboard Trading Down 2.8%

The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 23.59 and a beta of 0.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.40. The company's 50 day simple moving average is $3,686.12 and its two-hundred day simple moving average is $3,067.65.

Seaboard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were paid a dividend of $2.25 per share. The ex-dividend date was Friday, August 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.3%. Seaboard's dividend payout ratio is 9.93%.

Institutional Trading of Seaboard

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Seaboard by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 27,811 shares of the company's stock worth $75,010,000 after buying an additional 2,792 shares during the period. Private Management Group Inc. boosted its holdings in shares of Seaboard by 18.4% during the 1st quarter. Private Management Group Inc. now owns 10,111 shares of the company's stock worth $27,271,000 after buying an additional 1,570 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Seaboard by 22.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,124 shares of the company's stock worth $19,214,000 after buying an additional 1,324 shares during the period. American Century Companies Inc. boosted its holdings in shares of Seaboard by 18.0% during the 2nd quarter. American Century Companies Inc. now owns 5,485 shares of the company's stock worth $15,694,000 after buying an additional 837 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Seaboard by 33.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,499 shares of the company's stock worth $7,149,000 after buying an additional 622 shares during the period. 22.57% of the stock is owned by institutional investors.

About Seaboard

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.

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