Seaboard (NYSEAMERICAN:SEB) Reaches New 12-Month Low – Here’s Why

Shares of Seaboard Co. (NYSEAMERICAN:SEB) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $2,390.00 and last traded at $2,422.91, with a volume of 710 shares changing hands. The stock had previously closed at $2,436.83.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Seaboard Stock Down 1.2 %

The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.34 billion, a P/E ratio of -731.82 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. The firm had revenue of $2.22 billion for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is currently -273.56%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SEB. Wilmington Savings Fund Society FSB bought a new stake in shares of Seaboard in the third quarter worth approximately $25,000. Farther Finance Advisors LLC bought a new stake in Seaboard in the 3rd quarter worth approximately $50,000. Covestor Ltd grew its position in Seaboard by 21.2% in the 3rd quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after purchasing an additional 7 shares during the period. Squarepoint Ops LLC purchased a new stake in Seaboard during the 2nd quarter valued at $205,000. Finally, Versor Investments LP bought a new position in shares of Seaboard during the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.