Seaboard (NYSEAMERICAN:SEB) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5,033.74 and traded as low as $4,663.56. Seaboard shares last traded at $4,735.67, with a volume of 6,106 shares.

Seaboard Stock Down 0.9%

The company has a current ratio of 2.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.55 billion, a PE ratio of 7.80 and a beta of 0.23. The firm has a 50-day moving average of $5,142.05 and a two-hundred day moving average of $5,033.74.

Seaboard (NYSEAMERICAN:SEB) last issued its earnings results on Tuesday, May 5th. The company reported $124.24 earnings per share for the quarter. The firm had revenue of $2.40 billion for the quarter. Seaboard had a return on equity of 11.42% and a net margin of 5.93%.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Friday, May 15th were issued a dividend of $2.25 per share. The ex-dividend date was Friday, May 15th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. Seaboard’s payout ratio is presently 9.93%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SEB. KBC Group NV purchased a new position in Seaboard in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its stake in Seaboard by 160.0% during the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after buying an additional 8 shares during the period. Wells Fargo & Company MN grew its stake in Seaboard by 33.3% during the fourth quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock worth $53,000 after buying an additional 3 shares during the period. Empowered Funds LLC acquired a new stake in shares of Seaboard in the fourth quarter worth $58,000. Finally, Fifth Third Bancorp purchased a new position in shares of Seaboard in the 1st quarter valued at $62,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.