Seaboard (NYSEAMERICAN:SEB) Hits New 12-Month Low at $3,060.00

Seaboard Co. (NYSEAMERICAN:SEB)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3,060.00 and last traded at $3,069.93, with a volume of 902 shares trading hands. The stock had previously closed at $3,108.58.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered Seaboard from a “b” rating to a “c+” rating in a report on Thursday, February 15th.

Seaboard Trading Down 1.6 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.52 and a quick ratio of 1.42. The stock has a market capitalization of $2.97 billion, a PE ratio of 15.26 and a beta of 0.41.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $64.67 earnings per share (EPS) for the quarter. The firm had revenue of $2.28 billion during the quarter. Seaboard had a return on equity of 4.55% and a net margin of 2.36%.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 23rd were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, February 22nd. Seaboard’s dividend payout ratio is currently 4.41%.

Hedge Funds Weigh In On Seaboard

Several institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC purchased a new position in shares of Seaboard in the 1st quarter valued at about $25,000. Tower Research Capital LLC TRC lifted its stake in Seaboard by 233.3% during the first quarter. Tower Research Capital LLC TRC now owns 10 shares of the company’s stock worth $38,000 after purchasing an additional 7 shares during the last quarter. Citigroup Inc. lifted its stake in Seaboard by 75.0% in the second quarter. Citigroup Inc. now owns 14 shares of the company’s stock valued at $50,000 after buying an additional 6 shares during the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of Seaboard by 90.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 19 shares of the company’s stock valued at $68,000 after purchasing an additional 9 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Seaboard in the first quarter valued at approximately $83,000. 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.