SEB

Tariff Imposition and Retaliation: Following President Trump's 10% tariff on Chinese imports, China retaliated with tariffs on $22 billion worth of U.S. agricultural products, including soybeans, chicken, pork, and corn, effective March 10.

Market Impact and Economic Outlook: The tariffs are expected to affect various agricultural companies and ETFs, while analysts express mixed views on inflation and recession risks, with some officials downplaying fears of an economic downturn.

Financial Performance: Seaboard Corporation reported an increase in net sales and operating income for the fourth quarter of 2024, with net earnings attributable to the company rising to $154 million compared to $64 million in the same period of 2023.

Dividend Announcement: The Board of Directors declared a quarterly cash dividend of $2.25 per share, payable on March 6, 2025, to shareholders recorded by February 24, 2025.

Seaboard Corp. Trading Update: Seaboard Corp. shares have entered oversold territory with an RSI of 29.3, indicating potential exhaustion of recent selling pressure, as the stock trades at $2610, near its 52-week low of $2580.28.

Market Comparison: In contrast, the S&P 500 ETF has a much higher RSI of 63.9, suggesting stronger market conditions compared to Seaboard Corp.'s current performance.

Investigation Announcement: Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims against Seaboard Corp. following a significant net loss of $149 million reported by the company.

Company Background and Legal Issues: Seaboard operates in various sectors, including pork production and commodity trading, and recently settled lawsuits related to a price-fixing conspiracy for nearly $15 million.

Investigation Announcement: Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims against Seaboard Corp. following a significant net loss of $149 million reported for the quarter ending October 29, 2024.

Legal Challenges: Seaboard recently settled two lawsuits related to a price-fixing conspiracy with other pork producers for nearly $15 million, stemming from claims dating back to 2009.

Investigation Announcement: Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities fraud claims against Seaboard Corp. following a significant net loss of $149 million reported by the company.

Recent Legal Issues: Seaboard Corp. recently settled two lawsuits related to a price-fixing conspiracy with other pork producers, totaling nearly $15 million, which adds to the scrutiny surrounding its financial practices.

Investigation Announcement: The Schall Law Firm is investigating Seaboard Corporation for potential violations of securities laws, focusing on misleading statements and undisclosed information that may have affected investors.

Investor Participation: Shareholders who experienced losses are encouraged to participate in the investigation and can contact the firm for a free discussion about their rights.

Upcoming Ex-Dividend Dates: Nomad Foods Ltd, Seaboard Corp., and Unilever plc will trade ex-dividend on 11/8/24, with respective dividends of $0.15, $2.25, and $0.4755 scheduled for payment later in November and December.

Dividend Yield Expectations: Current estimated annualized yields are 3.39% for Nomad Foods, 0.33% for Seaboard Corp., and 3.08% for Unilever, reflecting the companies' historical dividend stability amidst fluctuating profits.

New CFO Appointment: Marti Technologies has appointed Deniz Terlemez as the new Interim Chief Financial Officer, effective November 1, 2024, succeeding Oguz Erkan, who played a crucial role in establishing the company's ride-hailing monetization capabilities.

Deniz Terlemez's Background: Terlemez brings over 15 years of executive finance experience from various industries and has previously held significant roles at Reef Technology and Vestel Companies, demonstrating expertise in financial management and operational efficiency.

Investigation Announcement: Kahn Swick & Foti, LLC is investigating Seaboard Corporation for potential breaches of fiduciary duties by its board and controlling stockholder related to a $600 million stock repurchase from Ellen Bresky and her affiliates.

Legal Rights for Shareholders: Shareholders of Seaboard stock are encouraged to contact KSF to discuss their legal rights regarding the fairness of the stock repurchase.

Upcoming Dividend Payments: Royal BK Scotland Group plc, Nomad Foods Ltd, and Seaboard Corp. will trade ex-dividend on 8/9/24, with respective dividends of $0.06, $0.15, and $2.25 scheduled for payment in September and August.

Stock Price Impact: Following the ex-dividend date, RBSPF is expected to drop by approximately 1.55%, NOMD by 0.81%, and SEB by 0.07%, reflecting their recent stock prices and dividend yields.

Seaboard Q2 2024 Earnings: Seaboard reported earnings per share of $62.82 and revenue of $2.21 billion for the second quarter of 2024.

InvestorPlace Earnings Automation: InvestorPlace Earnings utilizes TradeSmith data to automate coverage of quarterly earnings reports, providing quick insights on key financial figures without human intervention.

Earnings Report: Seaboard Corporation reported net sales of $2.209 billion for the three months ended June 29, 2024, a decrease from $2.393 billion in the same period last year, while net earnings attributable to Seaboard increased to $61 million from $52 million.

Dividend Announcement: The Board of Directors declared a quarterly cash dividend of $2.25 per share, payable on August 19, 2024, to stockholders of record as of August 9, 2024.

Earnings Report: Seaboard's Q2 GAAP EPS is reported at $62.82, with a revenue of $2.21 billion, reflecting a 7.5% decrease year-over-year.

Business Overview: Seaboard operates in various sectors including grains, pigs, turkeys, sugar, shipping, milling, warehousing, and energy.

Chipotle Mexican Grill Stock Split:

• Chipotle Mexican Grill announced its first-ever stock split, opting for a 50-to-1 split to make shares more accessible.
• Shareholders will vote on the split at the annual meeting on June 6, with each shareholder receiving 49 new shares for every share held.

Seaboard Corp Potential Stock Split:

• Seaboard Corp, a high-priced stock trading over $3,000, is a potential candidate for a 30-to-1 stock split to increase investor accessibility.
• The company's poor stock performance in recent years could be remedied by a higher float post-split.

Coca-Cola Consolidated Consideration for Stock Split:

• Coca-Cola Consolidated, a major bottler, might consider a 10-for-1 stock split to lower share price and increase the float to 52 million.
• The company reported strong profits in the past year, with revenue and operating income showing significant growth.

Ferrari Stock Performance:

• Ferrari's stock has surged since its IPO in 2015, prompting considerations for an 8-for-1 stock split to align with its IPO price.
• Despite valuation concerns, the company's long-term growth prospects remain positive.

General Insights:

• Companies like Chipotle, Seaboard Corp, Coca-Cola Consolidated, and Ferrari are evaluating stock splits to enhance accessibility and address valuation concerns.
• The article provides insights into the financial performance, ownership structures, and potential future strategies of these high-priced stocks.