Seaboard (NYSEAMERICAN:SEB) Reaches New 1-Year Low - What's Next?

Seaboard Co. (NYSEAMERICAN:SEB - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $2,500.14 and last traded at $2,500.46, with a volume of 414 shares. The stock had previously closed at $2,542.46.

Analyst Ratings Changes

Separately, StockNews.com downgraded Seaboard from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.

Seaboard Trading Down 3.0 %

The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -749.53 and a beta of 0.35. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

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

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, November 8th. Seaboard's dividend payout ratio is currently -273.56%.

Hedge Funds Weigh In On Seaboard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its holdings in Seaboard by 263.5% during the 3rd quarter. Cerity Partners LLC now owns 1,403 shares of the company's stock worth $4,401,000 after purchasing an additional 1,017 shares in the last quarter. Rhumbline Advisers increased its position in shares of Seaboard by 44.9% during the second quarter. Rhumbline Advisers now owns 913 shares of the company's stock valued at $2,886,000 after buying an additional 283 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Seaboard by 195.4% in the third quarter. Victory Capital Management Inc. now owns 700 shares of the company's stock worth $2,196,000 after buying an additional 463 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Seaboard by 8.3% in the second quarter. American Century Companies Inc. now owns 3,725 shares of the company's stock valued at $11,774,000 after acquiring an additional 287 shares during the period. Finally, Private Management Group Inc. grew its stake in Seaboard by 16.0% during the second quarter. Private Management Group Inc. now owns 6,242 shares of the company's stock valued at $19,729,000 after acquiring an additional 860 shares in the last quarter. Institutional investors own 22.57% of the company's stock.

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.