Seaboard (NYSEAMERICAN:SEB) Shares Gap Up – Should You Buy?

Seaboard Corporation (NYSEAMERICAN:SEB) shares gapped up prior to trading on Thursday. The stock had previously closed at $3,974.05, but opened at $4,071.89. Seaboard shares last traded at $3,938.7270, with a volume of 616 shares trading hands.

Seaboard Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.33. The company has a 50 day simple moving average of $4,295.18 and a 200-day simple moving average of $4,826.76. The stock has a market cap of $3.81 billion, a P/E ratio of 6.00 and a beta of 0.22.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $159.74 EPS for the quarter. The firm had revenue of $2.92 billion for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Investors Weigh In On Seaboard

Institutional investors have recently made changes to their positions in the business. Abel Hall LLC raised its position in Seaboard by 3.0% in the 1st quarter. Abel Hall LLC now owns 69 shares of the company’s stock worth $390,000 after purchasing an additional 2 shares during the period. Parallel Advisors LLC lifted its stake in Seaboard by 1.6% in the first quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock worth $701,000 after purchasing an additional 2 shares during the last quarter. NewEdge Advisors LLC boosted its position in Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock valued at $283,000 after buying an additional 2 shares during the period. KBC Group NV purchased a new stake in Seaboard during the first quarter valued at about $34,000. Finally, IFP Advisors Inc bought a new position in shares of Seaboard during the second quarter valued at about $27,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard’s pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.