StockNews.com Upgrades Seaboard (NYSEAMERICAN:SEB) to Buy

Seaboard (NYSEAMERICAN:SEB) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, TheStreet downgraded Seaboard from a “b” rating to a “c+” rating in a report on Thursday, February 15th.

Seaboard Trading Down 2.1 %

Shares of NYSEAMERICAN SEB opened at $3,335.99 on Friday. The company has a market capitalization of $3.24 billion, a PE ratio of 13.86 and a beta of 0.38. Seaboard has a 52-week low of $3,048.01 and a 52-week high of $3,942.64. 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 issued its quarterly earnings data on Tuesday, February 13th. The company reported $64.67 earnings per share for the quarter. Seaboard had a net margin of 2.85% and a return on equity of 5.41%. The company had revenue of $2.28 billion for the quarter.

Hedge Funds Weigh In On Seaboard

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Seaboard by 47.9% during the 3rd quarter. American Century Companies Inc. now owns 1,467 shares of the company’s stock worth $5,506,000 after purchasing an additional 475 shares during the period. Private Management Group Inc. grew its position in Seaboard by 15.2% during the 4th quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock worth $15,976,000 after purchasing an additional 589 shares during the period. Invesco Ltd. grew its position in Seaboard by 411.2% during the 3rd quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock worth $7,866,000 after purchasing an additional 1,686 shares during the period. Bank of New York Mellon Corp grew its position in shares of Seaboard by 12.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock valued at $5,348,000 after acquiring an additional 161 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Seaboard by 5.8% during the 3rd quarter. New York State Common Retirement Fund now owns 605 shares of the company’s stock valued at $2,271,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

About Seaboard

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.