Seaboard (NYSEAMERICAN:SEB) Reaches New 1-Year Low – Time to Sell?

Seaboard Co. (NYSEAMERICAN:SEB) reached a new 52-week low on Tuesday . The stock traded as low as $2,952.46 and last traded at $2,960.00, with a volume of 939 shares. The stock had previously closed at $2,993.06.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

Seaboard Stock Performance

The firm has a market capitalization of $2.90 billion, a P/E ratio of 11.67 and a beta of 0.35. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21.

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

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 annualized dividend and a yield of 0.30%. Seaboard’s dividend payout ratio is currently 3.48%.

Hedge Funds Weigh In On Seaboard

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Seaboard by 64.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock worth $5,029,000 after purchasing an additional 610 shares during the period. Virtu Financial LLC purchased a new position in shares of Seaboard in the 1st quarter worth approximately $550,000. DAVENPORT & Co LLC increased its position in Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock valued at $23,608,000 after buying an additional 337 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Seaboard in the first quarter worth $1,847,000. Finally, Rhumbline Advisers boosted its position in Seaboard by 44.9% in the second quarter. Rhumbline Advisers now owns 913 shares of the company’s stock valued at $2,886,000 after buying an additional 283 shares during the last quarter. 22.57% of the stock is owned by 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.