Seaboard (NYSEAMERICAN:SEB) Cut to Hold at StockNews.com

StockNews.com cut shares of Seaboard (NYSEAMERICAN:SEB) from a buy rating to a hold rating in a research report released on Wednesday.

Seaboard Stock Up 0.1 %

NYSEAMERICAN SEB traded up $4.24 on Wednesday, hitting $3,099.99. 3,387 shares of the stock were exchanged, compared to its average volume of 2,502. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 12.86 and a beta of 0.35. Seaboard has a 52-week low of $2,955.33 and a 52-week high of $3,862.00.

Seaboard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $9.00 annualized dividend and a dividend yield of 0.29%. Seaboard’s dividend payout ratio (DPR) is 3.74%.

Institutional Trading of Seaboard

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Seaboard by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after purchasing an additional 1,081 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Seaboard by 0.3% in the first quarter. Vanguard Group Inc. now owns 23,189 shares of the company’s stock valued at $74,759,000 after acquiring an additional 66 shares in the last quarter. Kahn Brothers Group Inc. raised its holdings in shares of Seaboard by 1.0% in the first quarter. Kahn Brothers Group Inc. now owns 9,052 shares of the company’s stock valued at $29,183,000 after acquiring an additional 89 shares in the last quarter. DAVENPORT & Co LLC raised its holdings 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 in the last quarter. Finally, Herr Investment Group LLC purchased a new position in Seaboard in the first quarter valued at about $20,714,000. 22.57% of the stock is currently owned by institutional investors.

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.