Seaboard (NYSEAMERICAN:SEB) Shares Down 7.7% - Here's What Happened

Key Points

• Seaboard shares were down 7.7% on Monday, trading as low as $4,629.04 with just 6,582 shares changing hands — a ~68% drop from average volume.
• The company has a market cap of $4.53 billion and a P/E of 9.15; it reported quarterly EPS of $262.99 on $2.41 billion in revenue, with a 5.09% net margin and 10.01% ROE.
• Seaboard recently paid a quarterly dividend of $2.25 (annualized $9.00, ~0.2% yield) and institutional investors own about 22.57% of the stock, with several funds increasing positions.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s stock price was down 7.7% on Monday . The company traded as low as $4,629.04 and last traded at $4,629.04. Approximately 6,582 shares traded hands during trading, a decline of 68% from the average daily volume of 20,701 shares. The stock had previously closed at $5,015.75.

Seaboard Trading Down 5.9%

The firm's 50 day moving average price is $4,922.19 and its 200-day moving average price is $4,264.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.40 and a quick ratio of 1.40. The stock has a market cap of $4.53 billion, a P/E ratio of 9.15 and a beta of 0.36.

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

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, February 23rd were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, February 23rd. Seaboard's dividend payout ratio (DPR) is presently 9.93%.

Institutional Trading of Seaboard

A number of institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Seaboard by 28.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company's stock valued at $2,352,000 after purchasing an additional 193 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Seaboard in the 2nd quarter worth approximately $212,000. Bank of New York Mellon Corp raised its stake in Seaboard by 33.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,499 shares of the company's stock valued at $7,149,000 after buying an additional 622 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Seaboard by 264.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 638 shares of the company's stock valued at $1,825,000 after buying an additional 463 shares during the last quarter. Finally, Allworth Financial LP bought a new position in shares of Seaboard during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 22.57% of the company's stock.

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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