Seaboard (NYSEAMERICAN:SEB) Trading Down 6% - Here's Why

Key Points

• Seaboard Corporation's share price decreased by 6% on Friday, with stocks trading as low as $3,650.02 before closing at $3,640.79.
• The company declared a $2.25 quarterly dividend, translating to an annualized dividend of $9.00 and a yield of 0.3%.
• Institutional investors hold approximately 22.57% of Seaboard's stock, with recent increases in stakes from firms like EverSource Wealth Advisors and Deutsche Bank AG.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report) was down 6% on Friday . The stock traded as low as $3,650.02 and last traded at $3,640.79. Approximately 1,791 shares were traded during trading, a decline of 13% from the average daily volume of 2,066 shares. The stock had previously closed at $3,875.00.

Seaboard Trading Up 5.1%

The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.53 billion, a PE ratio of 25.66 and a beta of 0.21. The company's 50 day moving average price is $3,555.78 and its two-hundred day moving average price is $2,987.90.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 8th. Seaboard's payout ratio is 9.93%.

Hedge Funds Weigh In On Seaboard

Several institutional investors have recently made changes to their positions in SEB. Bank of America Corp DE boosted its position in Seaboard by 8.3% during the fourth quarter. Bank of America Corp DE now owns 967 shares of the company's stock valued at $2,349,000 after purchasing an additional 74 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Seaboard by 37.0% in the 4th quarter. Deutsche Bank AG now owns 37 shares of the company's stock valued at $90,000 after buying an additional 10 shares in the last quarter. Millennium Management LLC grew its position in shares of Seaboard by 201.4% in the 4th quarter. Millennium Management LLC now owns 2,933 shares of the company's stock worth $7,126,000 after buying an additional 1,960 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Seaboard by 8.5% during the 4th quarter. Two Sigma Investments LP now owns 4,285 shares of the company's stock worth $10,411,000 after acquiring an additional 337 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Seaboard during the fourth quarter valued at approximately $539,000. Hedge funds and other institutional investors own 22.57% of the company's stock.

Seaboard Company Profile

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.