Seaboard (NYSEAMERICAN:SEB) Shares Gap Down to $4,061.29

Posted by on Jun 17th, 2022

Seaboard Co. (NYSEAMERICAN:SEB – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $4,061.29, but opened at $3,845.01. Seaboard shares last traded at $3,815.55, with a volume of 2 shares trading hands.

The company has a market cap of $4.48 billion, a P/E ratio of 6.66 and a beta of 0.31. The company has a quick ratio of 1.65, a current ratio of 2.72 and a debt-to-equity ratio of 0.17.

Seaboard (NYSEAMERICAN:SEB – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported $89.28 EPS for the quarter. The firm had revenue of $2.71 billion for the quarter. Seaboard had a return on equity of 17.35% and a net margin of 8.09%.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Stockholders of record on Friday, May 13th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.23%. Seaboard’s dividend payout ratio is 1.48%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Seaboard by 17.9% in the second quarter. Royal Bank of Canada now owns 33 shares of the company’s stock worth $127,000 after purchasing an additional 5 shares in the last quarter. Morgan Stanley grew its stake in Seaboard by 53.5% in the second quarter. Morgan Stanley now owns 1,289 shares of the company’s stock worth $4,986,000 after purchasing an additional 449 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Seaboard by 0.6% in the third quarter. Goldman Sachs Group Inc. now owns 1,078 shares of the company’s stock worth $4,419,000 after purchasing an additional 6 shares in the last quarter. Geode Capital Management LLC grew its stake in Seaboard by 2.2% in the third quarter. Geode Capital Management LLC now owns 3,249 shares of the company’s stock worth $13,320,000 after purchasing an additional 71 shares in the last quarter. Finally, Credit Suisse AG grew its stake in Seaboard by 3.8% in the third quarter. Credit Suisse AG now owns 248 shares of the company’s stock worth $1,016,000 after purchasing an additional 9 shares in the last quarter. 17.67% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Company Profile (NYSEAMERICAN:SEB)

Seaboard Corporation operates as an agribusiness and 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 fresh and frozen pork products to further processors, foodservice operators, grocery stores, and distributors; hogs; and biodiesel.

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