Seaboard (NYSEAMERICAN:SEB) Lowered to Hold Rating by StockNews.com

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

Seaboard Trading Down 2.7 %

NYSEAMERICAN:SEB opened at $2,653.77 on Wednesday. Seaboard has a 52 week low of $2,648.69 and a 52 week high of $3,796.00. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -806.61 and a beta of 0.37. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22.

Seaboard (NYSEAMERICAN:SEB) last released its earnings results on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. The business had revenue of $2.22 billion for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, November 8th. Seaboard’s payout ratio is currently -273.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in Seaboard in the second quarter worth $32,000. Farther Finance Advisors LLC bought a new stake in shares of Seaboard during the 3rd quarter valued at $50,000. Innealta Capital LLC bought a new position in shares of Seaboard in the 2nd quarter worth about $60,000. Covestor Ltd grew its holdings in Seaboard by 18.5% in the first quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after purchasing an additional 5 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Seaboard during the second quarter valued at approximately $205,000. 22.57% of the stock is currently owned by hedge funds and other 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.