Seaboard (NYSEAMERICAN:SEB) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Seaboard (NYSEAMERICAN:SEB) from a hold rating to a buy rating in a research report report published on Saturday morning.

Separately, TheStreet cut Seaboard from a b rating to a c+ rating in a research report on Thursday, February 15th.

Seaboard Stock Down 0.0 %

Shares of SEB stock opened at $3,219.00 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.12 billion, a P/E ratio of 13.37 and a beta of 0.38. Seaboard has a 52 week low of $3,048.01 and a 52 week high of $3,942.64.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, February 13th. The company reported $64.67 EPS for the quarter. Seaboard had a net margin of 2.85% and a return on equity of 5.41%. The firm had revenue of $2.28 billion during the quarter.

Seaboard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, May 9th. Seaboard’s dividend payout ratio is currently 3.74%.

Institutional Trading of Seaboard

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its stake in Seaboard by 47.9% during the third quarter. American Century Companies Inc. now owns 1,467 shares of the company’s stock valued at $5,506,000 after buying an additional 475 shares during the last quarter. Private Management Group Inc. raised its position in shares of Seaboard by 15.2% in the 4th quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock worth $15,976,000 after purchasing an additional 589 shares during the last quarter. Invesco Ltd. boosted its stake in Seaboard by 411.2% in the 3rd quarter. Invesco Ltd. now owns 2,096 shares of the company’s stock worth $7,866,000 after purchasing an additional 1,686 shares in the last quarter. Bank of New York Mellon Corp grew its position in Seaboard by 12.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,425 shares of the company’s stock valued at $5,348,000 after purchasing an additional 161 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Seaboard by 5.8% during the 3rd quarter. New York State Common Retirement Fund now owns 605 shares of the company’s stock valued at $2,271,000 after purchasing an additional 33 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

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.