Fox Run Management L.L.C. bought a new stake in Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,533 shares of the company's stock, valued at approximately $576,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Sysco in the 4th quarter valued at approximately $31,000. Sherman Asset Management Inc. acquired a new position in shares of Sysco in the 4th quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new stake in Sysco during the fourth quarter valued at $31,000. SRS Capital Advisors Inc. grew its stake in Sysco by 53.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares during the period. Finally, HHM Wealth Advisors LLC grew its position in shares of Sysco by 107.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock worth $47,000 after buying an additional 321 shares during the period. Institutional investors own 83.41% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on SYY shares. Melius began coverage on Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price for the company. Morgan Stanley lowered their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Wells Fargo & Company increased their price target on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Barclays cut their price objective on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.77.
Get Our Latest Report on SYY
Sysco Stock Performance
Shares of Sysco stock traded down $1.05 on Tuesday, reaching $70.38. 3,403,212 shares of the company traded hands, compared to its average volume of 3,137,175. 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 has a market capitalization of $34.43 billion, a PE ratio of 18.09, a PEG ratio of 1.88 and a beta of 1.11. The company has a 50 day moving average of $73.05 and a 200 day moving average of $75.26. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.33.
Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the previous year, the company posted $0.89 EPS. Equities analysts forecast that Sysco Co. will post 4.58 earnings per share for the current year.
Sysco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.90%. Sysco's dividend payout ratio (DPR) is currently 52.44%.
Insider Activity
In other news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.
About Sysco
(
Free Report)
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.
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