Seaboard (NYSEAMERICAN:SEB) Trading Up 913.8% – Here’s Why

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) shot up 913.8% on Thursday . The stock traded as high as $4,954.67 and last traded at $4,934.5890. 442 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 15,508 shares. The stock had previously closed at $486.74.

Seaboard Stock Performance

The company has a market capitalization of $4.60 billion, a PE ratio of 7.90 and a beta of 0.23. The stock’s fifty day simple moving average is $5,223.05 and its 200-day simple moving average is $5,022.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 2.38.

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

Seaboard Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Citigroup Inc. grew its position in shares of Seaboard by 982.6% in the third quarter. Citigroup Inc. now owns 498 shares of the company’s stock valued at $1,816,000 after purchasing an additional 452 shares during the period. Vanguard Group Inc. lifted its position in Seaboard by 0.9% during the third quarter. Vanguard Group Inc. now owns 26,833 shares of the company’s stock worth $97,860,000 after buying an additional 230 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Seaboard in the 4th quarter worth about $858,000. M&T Bank Corp boosted its stake in Seaboard by 14,586.5% in the 4th quarter. M&T Bank Corp now owns 15,274 shares of the company’s stock worth $67,890,000 after buying an additional 15,170 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Seaboard by 79.3% in the 4th quarter. SG Americas Securities LLC now owns 321 shares of the company’s stock valued at $1,427,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

About Seaboard

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.