Seaboard (NYSEAMERICAN:SEB) Trading Up 7% After Dividend Announcement

Shares of Seaboard Co. (NYSEAMERICAN:SEB) were up 7% during trading on Friday following a dividend announcement from the company. The stock traded as high as $2,849.01 and last traded at $2,798.84. Approximately 789 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 2,144 shares. The stock had previously closed at $2,614.97.

The newly announced dividend which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.33%. Seaboard’s dividend payout ratio (DPR) is currently -273.56%.

Wall Street Analyst Weigh In

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

Seaboard Stock Up 5.2 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -848.66 and a beta of 0.36.

Hedge Funds Weigh In On Seaboard

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC raised its position in Seaboard by 24.8% during the fourth quarter. Hsbc Holdings PLC now owns 635 shares of the company’s stock valued at $1,533,000 after acquiring an additional 126 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Seaboard by 335.3% in the 4th quarter. Marshall Wace LLP now owns 827 shares of the company’s stock valued at $2,009,000 after purchasing an additional 637 shares during the last quarter. XTX Topco Ltd bought a new stake in Seaboard in the fourth quarter worth $532,000. Mariner LLC increased its position in Seaboard by 155.0% during the fourth quarter. Mariner LLC now owns 357 shares of the company’s stock worth $867,000 after buying an additional 217 shares during the last quarter. Finally, Barclays PLC raised its holdings in Seaboard by 48.6% during the fourth quarter. Barclays PLC now owns 2,795 shares of the company’s stock valued at $6,791,000 after buying an additional 914 shares in the last quarter. 22.57% of the stock is currently owned by hedge funds and other 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.