CAPROCK Group Inc. purchased a new position in shares of SYSCO Co. (NYSE:SYY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,898 shares of the company’s stock, valued at approximately $611,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Personal Financial Services boosted its holdings in SYSCO by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after purchasing an additional 1,463 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of SYSCO by 84.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $121,000 after acquiring an additional 1,100 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of SYSCO by 13.4% during the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock worth $128,000 after acquiring an additional 300 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of SYSCO by 465.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock worth $150,000 after acquiring an additional 2,291 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of SYSCO by 51.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock worth $158,000 after acquiring an additional 1,000 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO William J. Delaney III sold 150,000 shares of SYSCO stock in a transaction on Monday, November 13th. The shares were sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the sale, the chief executive officer now directly owns 526,725 shares in the company, valued at approximately $28,469,486.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of SYSCO stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.76, for a total transaction of $481,728.00. Following the sale, the executive vice president now owns 55,235 shares in the company, valued at $3,411,313.60. The disclosure for this sale can be found here. Insiders sold a total of 294,695 shares of company stock worth $16,866,723 over the last 90 days. Company insiders own 9.60% of the company’s stock.
SYSCO Co. (SYY) traded up $1.33 during trading hours on Friday, hitting $58.33. 3,102,225 shares of the company were exchanged, compared to its average volume of 2,731,057. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.88. SYSCO Co. has a 1 year low of $48.85 and a 1 year high of $64.27. The stock has a market cap of $29,720.00, a PE ratio of 26.16, a P/E/G ratio of 2.06 and a beta of 0.56.
SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $14.15 billion. During the same quarter last year, the company posted $0.58 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. equities analysts predict that SYSCO Co. will post 2.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, January 4th. SYSCO’s dividend payout ratio (DPR) is presently 64.57%.
Several research analysts recently weighed in on SYY shares. Pivotal Research restated a “hold” rating and set a $53.00 price target on shares of SYSCO in a research report on Sunday, November 5th. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BMO Capital Markets set a $66.00 price objective on shares of SYSCO and gave the company a “buy” rating in a report on Friday, December 8th. Loop Capital increased their price target on shares of SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Morgan Stanley raised shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a research note on Tuesday, January 16th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.20.
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Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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