Seaboard (NYSEAMERICAN:SEB) Reaches New 1-Year Low – What’s Next?

Seaboard Co. (NYSEAMERICAN:SEB)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $2,646.81 and last traded at $2,648.50, with a volume of 428 shares. The stock had previously closed at $2,653.77.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Seaboard from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Seaboard Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -806.61 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%. The firm had revenue of $2.22 billion for the quarter.

Seaboard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is currently -273.56%.

Hedge Funds Weigh In On Seaboard

Several large investors have recently added to or reduced their stakes in the company. Herr Investment Group LLC purchased a new position in Seaboard in the first quarter worth about $20,714,000. AQR Capital Management LLC boosted its stake in Seaboard by 81.4% in the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock worth $28,957,000 after purchasing an additional 4,129 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Seaboard by 187.6% in the first quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock worth $7,502,000 after purchasing an additional 1,518 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Seaboard by 91.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock valued at $9,422,000 after purchasing an additional 1,421 shares during the period. Finally, Factorial Partners LLC purchased a new stake in shares of Seaboard in the second quarter worth about $3,834,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

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.