Seaboard (NYSEAMERICAN:SEB) Stock Price Up 2.2% – Here’s Why

Shares of Seaboard Co. (NYSEAMERICAN:SEB) shot up 2.2% during mid-day trading on Friday . The company traded as high as $2,714.99 and last traded at $2,725.31. 1,449 shares changed hands during trading, a decline of 37% from the average session volume of 2,318 shares. The stock had previously closed at $2,665.81.

Seaboard Stock Performance

The stock’s fifty day simple moving average is $2,630.11. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.63 billion, a P/E ratio of 29.92 and a beta of 0.36.

Seaboard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Institutional Investors Weigh In On Seaboard

A number of hedge funds have recently made changes to their positions in the stock. Private Management Group Inc. lifted its position in shares of Seaboard by 30.8% during the fourth quarter. Private Management Group Inc. now owns 8,541 shares of the company’s stock valued at $20,752,000 after buying an additional 2,010 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Seaboard by 46.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,800 shares of the company’s stock worth $14,092,000 after acquiring an additional 1,838 shares in the last quarter. Two Sigma Advisers LP lifted its position in Seaboard by 70.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,315 shares of the company’s stock valued at $12,914,000 after acquiring an additional 2,200 shares during the last quarter. American Century Companies Inc. boosted its stake in Seaboard by 5.9% in the fourth quarter. American Century Companies Inc. now owns 4,564 shares of the company’s stock valued at $11,089,000 after acquiring an additional 253 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in Seaboard by 8.5% in the fourth quarter. Two Sigma Investments LP now owns 4,285 shares of the company’s stock worth $10,411,000 after purchasing an additional 337 shares during the last quarter. 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.