Seaboard (NYSEAMERICAN:SEB) Sees Large Volume Increase – Should You Buy?

Shares of Seaboard Corporation (NYSEAMERICAN:SEB) saw unusually-high trading volume on Wednesday . Approximately 4,923 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 3,640 shares.The stock last traded at $4,533.3820 and had previously closed at $4,468.99.

Seaboard Stock Down 0.5%

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.49. The stock has a market capitalization of $4.27 billion, a P/E ratio of 10.83 and a beta of 0.36. The firm has a 50 day moving average of $4,158.06 and a 200-day moving average of $3,663.41.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $113.71 EPS for the quarter. Seaboard had a return on equity of 8.21% and a net margin of 4.04%.The firm had revenue of $2.54 billion during the quarter.

Seaboard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 7th. Seaboard’s dividend payout ratio (DPR) is 9.93%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds have recently made changes to their positions in SEB. Allworth Financial LP acquired a new stake in shares of Seaboard during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its stake in Seaboard by 160.0% during the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Seaboard by 20.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after purchasing an additional 6 shares during the period. Russell Investments Group Ltd. boosted its holdings in Seaboard by 328.6% during the third quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock valued at $109,000 after purchasing an additional 23 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Seaboard in the 2nd quarter valued at approximately $143,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.