5,591 Shares in Sysco Co. (NYSE:SYY) Acquired by Flavin Financial Services Inc.

Flavin Financial Services Inc. purchased a new position in Sysco Co. (NYSE:SYY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,591 shares of the company's stock, valued at approximately $427,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AMF Tjanstepension AB lifted its position in shares of Sysco by 185.5% in the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company's stock valued at $2,446,000 after acquiring an additional 20,356 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Sysco by 3.8% in the third quarter. Handelsbanken Fonder AB now owns 285,695 shares of the company's stock valued at $22,301,000 after purchasing an additional 10,530 shares in the last quarter. Czech National Bank boosted its position in shares of Sysco by 5.6% in the third quarter. Czech National Bank now owns 100,176 shares of the company's stock worth $7,820,000 after buying an additional 5,281 shares during the period. GAMMA Investing LLC grew its holdings in shares of Sysco by 23.9% during the third quarter. GAMMA Investing LLC now owns 5,738 shares of the company's stock valued at $448,000 after buying an additional 1,107 shares in the last quarter. Finally, Diversified Trust Co acquired a new position in Sysco during the third quarter valued at $209,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SYY shares. JPMorgan Chase & Co. decreased their price objective on Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. StockNews.com upgraded shares of Sysco from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. UBS Group lowered their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Melius Research upgraded Sysco to a "hold" rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.38.

Insider Activity at Sysco

In other Sysco news, Director Sheila Talton sold 2,900 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the sale, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,270 shares of company stock worth $6,181,946 over the last three months. Company insiders own 0.54% of the company's stock.

Sysco Stock Performance

Shares of SYY stock traded down $0.13 during trading on Friday, reaching $71.13. The company had a trading volume of 3,078,287 shares, compared to its average volume of 3,621,783. The company has a market capitalization of $34.80 billion, a PE ratio of 18.29, a PEG ratio of 1.93 and a beta of 1.18. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. The firm's 50 day simple moving average is $75.90 and its two-hundred day simple moving average is $75.92. Sysco Co. has a one year low of $69.03 and a one year high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the previous year, the business earned $0.89 earnings per share. Sell-side analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco's dividend payout ratio is currently 52.44%.

Sysco Company Profile

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.