Seaboard Co. (NYSEAMERICAN:SEB - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as $2,650.00 and last traded at $2,650.00, with a volume of 1356 shares. The stock had previously closed at $2,669.14.
Separately, StockNews.com raised Seaboard from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th.
View Our Latest Report on SEB
The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -814.33 and a beta of 0.37. The company has a current ratio of 2.44, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22.
Seaboard (NYSEAMERICAN:SEB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. The company had revenue of $2.22 billion for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $9.00 annualized dividend and a yield of 0.33%. Seaboard's dividend payout ratio is currently -273.56%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Seaboard by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company's stock valued at $145,358,000 after acquiring an additional 1,081 shares during the period. Vanguard Group Inc. increased its stake in shares of Seaboard by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,189 shares of the company's stock worth $74,759,000 after buying an additional 66 shares during the period. AQR Capital Management LLC raised its holdings in Seaboard by 81.4% during the 2nd quarter. AQR Capital Management LLC now owns 9,204 shares of the company's stock valued at $28,957,000 after buying an additional 4,129 shares during the last quarter. Kahn Brothers Group Inc. grew its holdings in Seaboard by 1.0% in the 1st quarter. Kahn Brothers Group Inc. now owns 9,052 shares of the company's stock worth $29,183,000 after acquiring an additional 89 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Seaboard by 4.8% in the first quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company's stock valued at $23,608,000 after acquiring an additional 337 shares during the period. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Seaboard, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seaboard wasn't on the list.
While Seaboard currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.