Seaboard (NYSEAMERICAN:SEB) Stock Rating Upgraded by StockNews.com

Seaboard (NYSEAMERICAN:SEBGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Seaboard Stock Down 0.7 %

Seaboard stock traded down $20.85 during trading hours on Tuesday, reaching $2,927.30. 2,912 shares of the company were exchanged, compared to its average volume of 2,817. The stock has a market capitalization of $2.84 billion, a P/E ratio of 11.32 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 has a 12 month low of $2,871.80 and a 12 month high of $3,796.00.

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

Institutional Investors Weigh In On Seaboard

Several hedge funds have recently modified their holdings of the business. Private Management Group Inc. boosted its position in shares of Seaboard by 4.6% in the third quarter. Private Management Group Inc. now owns 6,531 shares of the company’s stock valued at $20,488,000 after acquiring an additional 289 shares during the period. VELA Investment Management LLC raised its stake in shares of Seaboard by 20.9% in the third quarter. VELA Investment Management LLC now owns 976 shares of the company’s stock valued at $3,062,000 after purchasing an additional 169 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Seaboard in the third quarter valued at $50,000. Allspring Global Investments Holdings LLC raised its stake in shares of Seaboard by 5.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,155 shares of the company’s stock valued at $9,897,000 after purchasing an additional 174 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Seaboard by 92.5% in the third quarter. Creative Planning now owns 283 shares of the company’s stock valued at $888,000 after purchasing an additional 136 shares in the last quarter. 22.57% of the stock is owned by institutional investors.

Seaboard Company Profile

(Get Free Report)

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.

Further Reading

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