Seaboard Co. (NYSEAMERICAN:SEB - Get Free Report) shares rose 2.2% on Friday . The company traded as high as $2,714.99 and last traded at $2,725.31. Approximately 1,449 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 2,318 shares. The stock had previously closed at $2,665.81.
Seaboard Stock Performance
The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.50. The company's 50 day simple moving average is $2,646.61. The firm has a market capitalization of $2.68 billion, a P/E ratio of 30.55 and a beta of 0.36.
Seaboard Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were paid a $2.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $9.00 dividend on an annualized basis and a yield of 0.33%. Seaboard's dividend payout ratio (DPR) is currently 9.93%.
Institutional Investors Weigh In On Seaboard
A number of large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Seaboard by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,962 shares of the company's stock worth $12,429,000 after purchasing an additional 663 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Seaboard by 122.5% during the third quarter. BNP Paribas Financial Markets now owns 158 shares of the company's stock valued at $496,000 after buying an additional 87 shares during the period. Readystate Asset Management LP raised its stake in Seaboard by 135.8% in the third quarter. Readystate Asset Management LP now owns 316 shares of the company's stock worth $991,000 after buying an additional 182 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Seaboard by 81.6% in the third quarter. Two Sigma Advisers LP now owns 3,115 shares of the company's stock worth $9,772,000 after buying an additional 1,400 shares during the period. Finally, Jane Street Group LLC boosted its position in Seaboard by 0.9% during the 3rd quarter. Jane Street Group LLC now owns 437 shares of the company's stock valued at $1,371,000 after acquiring an additional 4 shares in the last quarter. Institutional investors own 22.57% of the company's stock.
About Seaboard
(
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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