Seaboard (NYSEAMERICAN:SEB) Hits New 52-Week High – Here’s Why

Seaboard Corporation (NYSEAMERICAN:SEB) shares hit a new 52-week high on Monday . The company traded as high as $5,195.00 and last traded at $5,187.00, with a volume of 4660 shares changing hands. The stock had previously closed at $5,082.28.

Seaboard Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.49. The company’s 50 day simple moving average is $4,592.54 and its 200 day simple moving average is $3,968.93. The company has a market capitalization of $5.12 billion, a PE ratio of 13.00 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last issued its earnings results on Tuesday, October 28th. The company reported $113.71 earnings per share (EPS) for the quarter. Seaboard had a net margin of 4.04% and a return on equity of 8.21%. The business had revenue of $2.54 billion during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Seaboard in the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Seaboard by 160.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Seaboard by 37.5% in the 4th quarter. Farther Finance Advisors LLC now owns 22 shares of the company’s stock valued at $98,000 after acquiring an additional 6 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Seaboard by 20.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock valued at $103,000 after purchasing an additional 6 shares during the last quarter. Finally, Highlander Partners L.P. acquired a new stake in Seaboard during the 4th quarter worth $107,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

About Seaboard

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.