Seaboard (NYSEAMERICAN:SEB) Stock Price Up 6.7% - Still a Buy?

Seaboard Co. (NYSEAMERICAN:SEB - Get Free Report)'s share price traded up 6.7% during mid-day trading on Friday . The stock traded as high as $2,898.00 and last traded at $2,916.08. 887 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 2,367 shares. The stock had previously closed at $2,734.24.

Seaboard Price Performance

The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $2,561.49. The firm has a market cap of $2.61 billion, a PE ratio of 29.76 and a beta of 0.36.

Seaboard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Seaboard's dividend payout ratio (DPR) is currently 9.93%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Seaboard by 59.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 679 shares of the company's stock worth $1,650,000 after buying an additional 254 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Seaboard by 9.4% in the fourth quarter. Voloridge Investment Management LLC now owns 1,657 shares of the company's stock worth $4,026,000 after acquiring an additional 143 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Seaboard during the fourth quarter worth approximately $539,000. Two Sigma Advisers LP grew its stake in shares of Seaboard by 70.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,315 shares of the company's stock valued at $12,914,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Seaboard by 8.5% in the fourth quarter. Two Sigma Investments LP now owns 4,285 shares of the company's stock valued at $10,411,000 after purchasing an additional 337 shares in the last quarter. Institutional investors own 22.57% of the company's stock.

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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.