Seaboard (NYSEAMERICAN:SEB) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Seaboard (NYSEAMERICAN:SEB) from a buy rating to a hold rating in a research note released on Wednesday morning.

Seaboard Stock Performance

Shares of NYSEAMERICAN SEB opened at $3,094.36 on Wednesday. Seaboard has a 12-month low of $2,955.33 and a 12-month high of $3,850.00. The company has a market cap of $3.00 billion, a P/E ratio of 12.86 and a beta of 0.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.45 and a quick ratio of 1.47.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The business had revenue of $2.21 billion for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Friday, August 9th. Seaboard’s dividend payout ratio (DPR) is currently 3.74%.

Institutional Investors Weigh In On Seaboard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEB. Victory Capital Management Inc. increased its stake in Seaboard by 45.8% in the 4th quarter. Victory Capital Management Inc. now owns 156 shares of the company’s stock worth $557,000 after buying an additional 49 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Seaboard by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,037 shares of the company’s stock worth $7,272,000 after purchasing an additional 229 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Seaboard by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 42,580 shares of the company’s stock worth $152,015,000 after purchasing an additional 2,342 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Seaboard in the 4th quarter worth approximately $1,089,000. Finally, Quest Partners LLC bought a new position in Seaboard in the 4th quarter worth approximately $882,000. 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.