Seaboard (NYSEAMERICAN:SEB) Cut to Hold at StockNews.com

Seaboard (NYSEAMERICAN:SEB) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Seaboard Trading Down 1.5 %

NYSEAMERICAN:SEB traded down $47.91 during trading hours on Thursday, reaching $3,200.00. The company had a trading volume of 1,711 shares, compared to its average volume of 3,085. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21. Seaboard has a 1-year low of $2,955.33 and a 1-year high of $3,862.00. The company has a market capitalization of $3.10 billion, a PE ratio of 13.30 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings data on Tuesday, April 30th. The company reported $22.66 earnings per share for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.66%. The company had revenue of $2.19 billion during the quarter.

Hedge Funds Weigh In On Seaboard

Several hedge funds and other institutional investors have recently modified their holdings of SEB. SG Americas Securities LLC acquired a new position in Seaboard during the fourth quarter worth $396,000. Janiczek Wealth Management LLC grew 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. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Seaboard by 38.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61 shares of the company’s stock valued at $219,000 after purchasing an additional 17 shares during the period. New York State Common Retirement Fund increased its position in Seaboard by 34.0% during the fourth quarter. New York State Common Retirement Fund now owns 811 shares of the company’s stock worth $2,895,000 after purchasing an additional 206 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in Seaboard by 15.2% during the fourth quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock worth $15,976,000 after purchasing an additional 589 shares during the period. 22.57% of the stock is owned by hedge funds and other institutional investors.

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.