Seaboard (NYSEAMERICAN:SEB - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.
Seaboard Stock Down 0.7 %
Seaboard stock traded down $20.85 during trading hours on Tuesday, reaching $2,927.30. 2,912 shares of the company were exchanged, compared to its average volume of 2,817. The stock has a market capitalization of $2.84 billion, a P/E ratio of 11.32 and a beta of 0.35. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.21. Seaboard has a 12 month low of $2,871.80 and a 12 month high of $3,796.00.
Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share (EPS) for the quarter. The firm had revenue of $2.21 billion during the quarter. Seaboard had a return on equity of 5.69% and a net margin of 3.01%.
Institutional Investors Weigh In On Seaboard
Several hedge funds have recently modified their holdings of the business. Private Management Group Inc. boosted its position in shares of Seaboard by 4.6% in the third quarter. Private Management Group Inc. now owns 6,531 shares of the company's stock valued at $20,488,000 after acquiring an additional 289 shares during the period. VELA Investment Management LLC raised its stake in shares of Seaboard by 20.9% in the third quarter. VELA Investment Management LLC now owns 976 shares of the company's stock valued at $3,062,000 after purchasing an additional 169 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Seaboard in the third quarter valued at $50,000. Allspring Global Investments Holdings LLC raised its stake in shares of Seaboard by 5.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,155 shares of the company's stock valued at $9,897,000 after purchasing an additional 174 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Seaboard by 92.5% in the third quarter. Creative Planning now owns 283 shares of the company's stock valued at $888,000 after purchasing an additional 136 shares in the last quarter. 22.57% of the stock is owned by institutional investors.
Seaboard Company Profile
(
Get Free Report)
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.
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