Seaboard (NYSEAMERICAN:SEB) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a research note released on Tuesday morning.

Seaboard Trading Down 3.5 %

SEB stock opened at $2,669.14 on Tuesday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -811.29 and a beta of 0.35. Seaboard has a 1-year low of $2,650.00 and a 1-year high of $3,796.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.47.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data 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 business had revenue of $2.22 billion for the quarter.

Seaboard Announces Dividend

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

Institutional Trading of Seaboard

A number of large investors have recently modified their holdings of the company. Diversified Trust Co acquired a new stake in shares of Seaboard in the first quarter valued at approximately $484,000. BNP Paribas Financial Markets increased its position in Seaboard by 36.7% in the 1st quarter. BNP Paribas Financial Markets now owns 67 shares of the company’s stock valued at $216,000 after acquiring an additional 18 shares during the period. DAVENPORT & Co LLC boosted its position in Seaboard by 4.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock worth $23,608,000 after acquiring an additional 337 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Seaboard during the 1st quarter worth $1,847,000. Finally, Private Management Group Inc. grew its stake in shares of Seaboard by 20.3% in the first quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock worth $17,351,000 after purchasing an additional 907 shares in the last quarter. Institutional investors and hedge funds 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.