Seaboard Corporation (NYSEAMERICAN:SEB) Short Interest Up 32.9% in December

by · The Markets Daily

Seaboard Corporation (NYSEAMERICAN:SEB – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,694 shares, an increase of 32.9% from the November 30th total of 5,791 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily volume of 12,950 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 12,950 shares, the short-interest ratio is currently 0.6 days. Approximately 3.0% of the shares of the company are short sold.

Seaboard Stock Performance

Shares of NYSEAMERICAN SEB traded down $24.17 during trading hours on Wednesday, reaching $4,444.82. The stock had a trading volume of 19,520 shares, compared to its average volume of 11,826. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 10.83 and a beta of 0.34. Seaboard has a twelve month low of $2,374.99 and a twelve month high of $4,800.00. The business’s fifty day moving average is $4,135.47 and its two-hundred day moving average is $3,657.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.49.

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

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 7th. Seaboard’s payout ratio is presently 9.93%.

Hedge Funds Weigh In On Seaboard

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new position in shares of Seaboard in the first quarter valued at about $1,440,000. PDT Partners LLC raised its stake in shares of Seaboard by 13.9% in the first quarter. PDT Partners LLC now owns 491 shares of the company’s stock worth $1,324,000 after acquiring an additional 60 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Seaboard during the first quarter worth approximately $351,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Seaboard by 28.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872 shares of the company’s stock worth $2,352,000 after purchasing an additional 193 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Seaboard by 1.3% during the first quarter. Rhumbline Advisers now owns 943 shares of the company’s stock valued at $2,543,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 22.57% of the company’s stock.

About Seaboard

(Get Free Report)

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.

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