Seaboard (NYSEAMERICAN:SEB) Trading Up 2.2% – Here’s What Happened

Seaboard Co. (NYSEAMERICAN:SEB) shares were up 2.2% during mid-day trading on Friday . The company traded as high as $2,714.99 and last traded at $2,725.31. Approximately 1,449 shares were traded during trading, a decline of 37% from the average daily volume of 2,318 shares. The stock had previously closed at $2,665.81.

Seaboard Trading Up 1.7 %

The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 29.92 and a beta of 0.36. The firm’s fifty day simple moving average is $2,634.74. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were paid a dividend of $2.25 per share. The ex-dividend date was Monday, February 24th. This represents a $9.00 annualized dividend and a dividend yield of 0.33%. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Investors Weigh In On Seaboard

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in Seaboard during the 3rd quarter worth approximately $25,000. Quadrant Capital Group LLC grew its holdings in Seaboard by 1,000.0% during the fourth quarter. Quadrant Capital Group LLC now owns 11 shares of the company’s stock worth $27,000 after acquiring an additional 10 shares during the period. Quarry LP purchased a new position in Seaboard in the fourth quarter worth $29,000. Sterling Capital Management LLC boosted its position in shares of Seaboard by 36.4% during the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company’s stock worth $36,000 after purchasing an additional 4 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Seaboard by 37.0% during the 4th quarter. Deutsche Bank AG now owns 37 shares of the company’s stock worth $90,000 after purchasing an additional 10 shares during the period. 22.57% of the stock is owned by institutional investors and hedge funds.

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.