Clark & Stuart Inc Takes $7.61 Million Position in Sysco Co. (NYSE:SYY)

Clark & Stuart Inc bought a new stake in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 99,564 shares of the company's stock, valued at approximately $7,613,000. Sysco comprises about 5.6% of Clark & Stuart Inc's investment portfolio, making the stock its 7th biggest position.

Other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock valued at $26,000 after acquiring an additional 310 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Sysco in the third quarter valued at approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in Sysco in the third quarter worth $31,000. Focused Wealth Management Inc bought a new position in shares of Sysco during the third quarter worth $37,000. Finally, Fairscale Capital LLC acquired a new position in shares of Sysco in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Sysco Stock Up 0.2 %

SYY stock traded up $0.12 during mid-day trading on Monday, reaching $73.71. The company had a trading volume of 2,518,657 shares, compared to its average volume of 1,985,944. The company has a market capitalization of $36.21 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.10 and a beta of 1.18. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The stock has a 50 day simple moving average of $77.02 and a two-hundred day simple moving average of $75.75. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. Sysco's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. As a group, equities analysts predict that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, January 3rd. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Insider Buying and Selling at Sysco

In other news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares of the company's stock, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock worth $6,485,050 over the last 90 days. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

SYY has been the subject of a number of research analyst reports. Melius Research raised Sysco to a "hold" rating in a research note on Wednesday, December 18th. Melius assumed coverage on Sysco in a research report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Jefferies Financial Group upped their price target on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.93.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.