Seaboard (NYSEAMERICAN:SEB) Shares Gap Down to $3,569.99

Seaboard Co. (NYSEAMERICAN:SEB) shares gapped down before the market opened on Monday . The stock had previously closed at $3,569.99, but opened at $3,440.00. Seaboard shares last traded at $3,504.22, with a volume of 152 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Seaboard from a “hold” rating to a “buy” rating in a report on Monday, November 13th.

Seaboard Stock Performance

The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 10.76 and a beta of 0.48. The company has a quick ratio of 1.79, a current ratio of 3.09 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $3,816.59.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings data on Monday, October 30th. The company reported $108.55 EPS for the quarter. The firm had revenue of $2.39 billion for the quarter. Seaboard had a return on equity of 7.60% and a net margin of 3.87%.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, November 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, November 8th. Seaboard’s dividend payout ratio is presently 2.71%.

Institutional Investors Weigh In On Seaboard

Several institutional investors have recently bought and sold shares of SEB. Deutsche Bank AG lifted its holdings in Seaboard by 15,133,323.3% in the 3rd quarter. Deutsche Bank AG now owns 4,540,027 shares of the company’s stock worth $17,038,721,000 after buying an additional 4,539,997 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Seaboard by 2,402.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,788 shares of the company’s stock valued at $1,802,000 after purchasing an additional 11,317 shares during the period. Invesco Ltd. lifted its stake in shares of Seaboard by 411.2% in the 3rd quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock valued at $7,866,000 after purchasing an additional 1,686 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Seaboard by 157.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,691 shares of the company’s stock valued at $10,145,000 after purchasing an additional 1,647 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Seaboard by 57.2% in the 1st quarter. First Trust Advisors LP now owns 3,890 shares of the company’s stock valued at $16,359,000 after purchasing an additional 1,415 shares during the period. 19.41% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Company Profile

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