Seaboard (NYSEAMERICAN:SEB) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Seaboard Stock Performance

Shares of SEB opened at $2,766.01 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.45. Seaboard has a 12-month low of $2,758.78 and a 12-month high of $3,796.00. The stock has a market cap of $2.68 billion, a P/E ratio of 10.72 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The firm had revenue of $2.22 billion for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Seaboard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, November 8th. Seaboard’s payout ratio is 3.48%.

Institutional Investors Weigh In On Seaboard

A number of institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in shares of Seaboard during the 2nd quarter worth approximately $32,000. Farther Finance Advisors LLC bought a new stake in Seaboard in the third quarter valued at $50,000. Innealta Capital LLC acquired a new position in Seaboard during the second quarter worth $60,000. Covestor Ltd lifted its holdings in shares of Seaboard by 18.5% during the first quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after acquiring an additional 5 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Seaboard in the 2nd quarter valued at $205,000. 22.57% of the stock is owned by institutional investors and hedge funds.

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.