Seaboard (NYSEAMERICAN:SEB) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Seaboard shares crossed above their 50‑day moving average (50‑day MA $5,300.21) and traded as high as $5,800, last at $5,591.43 on the session noted.
• Solid fundamentals and conservative balance sheet: Market cap ~$5.37B, P/E 10.84, low beta (0.28) and debt/equity 0.19, with the most recent quarter showing $262.99 EPS on $2.41B revenue and a 10.01% ROE.
• Dividend and ownership: Company pays a quarterly dividend of $2.25 ($9.00 annualized) but yield is only ~0.2% and payout ratio ~9.9%; institutional ownership is about 22.6% with recent buying by firms including Citigroup and Vanguard.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5,300.21 and traded as high as $5,800.00. Seaboard shares last traded at $5,591.43, with a volume of 9,812 shares changing hands.

Seaboard Price Performance

The firm has a 50-day moving average price of $5,300.21 and a 200 day moving average price of $4,570.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 2.40. The stock has a market capitalization of $5.37 billion, a P/E ratio of 10.84 and a beta of 0.28.

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

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, February 23rd were given a dividend of $2.25 per share. 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%.

Hedge Funds Weigh In On Seaboard

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. grew its position in Seaboard by 982.6% during the 3rd quarter. Citigroup Inc. now owns 498 shares of the company's stock worth $1,816,000 after acquiring an additional 452 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in Seaboard during the 3rd quarter worth approximately $1,036,000. Vanguard Group Inc. grew its position in Seaboard by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 26,833 shares of the company's stock worth $97,860,000 after acquiring an additional 230 shares during the last quarter. SG Americas Securities LLC grew its position in Seaboard by 79.3% during the 4th quarter. SG Americas Securities LLC now owns 321 shares of the company's stock worth $1,427,000 after acquiring an additional 142 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in Seaboard during the 2nd quarter worth approximately $967,000. 22.57% of the stock is currently owned by institutional investors.

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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