Seaboard (NYSEAMERICAN:SEB) Sees Unusually-High Trading Volume – What’s Next?

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) saw an uptick in trading volume on Wednesday . 4,923 shares changed hands during trading, an increase of 35% from the previous session’s volume of 3,640 shares.The stock last traded at $4,533.3820 and had previously closed at $4,468.99.

Seaboard Stock Down 0.3%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.49 and a current ratio of 2.44. The firm has a market capitalization of $4.28 billion, a PE ratio of 10.83 and a beta of 0.34. The company has a fifty day moving average price of $4,112.44 and a 200-day moving average price of $3,652.41.

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

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 7th. Seaboard’s payout ratio is presently 9.93%.

Institutional Investors Weigh In On Seaboard

Several hedge funds and other institutional investors have recently made changes to their positions in SEB. Allworth Financial LP purchased a new position in Seaboard in the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Seaboard by 20.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after purchasing an additional 6 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Seaboard by 328.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after buying an additional 23 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Seaboard during the 2nd quarter valued at about $143,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

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.