CAPROCK Group Inc. Takes Position in SYSCO Co. (SYY)

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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About SYSCO

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.

Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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