Seaboard (NYSEAMERICAN:SEB) Sees Strong Trading Volume

Seaboard Co. (NYSEAMERICAN:SEB) shares saw an uptick in trading volume on Monday . 8,312 shares were traded during trading, an increase of 177% from the previous session’s volume of 2,998 shares.The stock last traded at $3,214.01 and had previously closed at $3,220.01.

Analysts Set New Price Targets

A number of research firms recently commented on SEB. StockNews.com upgraded shares of Seaboard from a “hold” rating to a “buy” rating in a report on Saturday. TheStreet lowered Seaboard from a “b” rating to a “c+” rating in a research note on Thursday, February 15th.

Seaboard Stock Performance

The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 14.07 and a beta of 0.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.55 and a current ratio of 2.54.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $64.67 earnings per share (EPS) for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%. The business had revenue of $2.28 billion during the quarter.

Seaboard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $9.00 annualized dividend and a dividend yield of 0.27%. Seaboard’s dividend payout ratio is 3.74%.

Institutional Investors Weigh In On Seaboard

Institutional investors have recently made changes to their positions in the company. Janiczek Wealth Management LLC raised its stake in shares of Seaboard by 90.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 19 shares of the company’s stock valued at $68,000 after acquiring an additional 9 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Seaboard by 400.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 30 shares of the company’s stock valued at $107,000 after acquiring an additional 24 shares in the last quarter. Brandes Investment Partners LP bought a new position in shares of Seaboard in the 4th quarter valued at approximately $207,000. BNP Paribas Financial Markets raised its stake in shares of 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Seaboard by 38.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61 shares of the company’s stock valued at $219,000 after acquiring an additional 17 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

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.