32,055 Shares in Sysco Co. (NYSE:SYY) Acquired by Integras Partners LLC

Integras Partners LLC purchased a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 32,055 shares of the company's stock, valued at approximately $2,451,000. Sysco makes up about 2.1% of Integras Partners LLC's investment portfolio, making the stock its 24th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Sysco during the third quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in Sysco in the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. acquired a new position in Sysco during the 3rd quarter worth $31,000. Sherman Asset Management Inc. bought a new position in Sysco in the 4th quarter valued at $31,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after buying an additional 149 shares during the period. Institutional investors own 83.41% of the company's stock.

Analysts Set New Price Targets

SYY has been the topic of several research reports. Jefferies Financial Group upped their price target on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Sysco from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Guggenheim reiterated a "buy" rating and set a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Finally, Melius Research raised shares of Sysco to a "hold" rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and an average price target of $84.77.

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Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

Sysco Trading Down 0.6 %

NYSE:SYY traded down $0.48 on Tuesday, reaching $74.25. The company's stock had a trading volume of 1,950,625 shares, compared to its average volume of 3,097,761. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. Sysco Co. has a 1-year low of $69.03 and a 1-year high of $82.33. The business's 50-day moving average price is $73.28 and its two-hundred day moving average price is $75.49. The firm has a market cap of $36.33 billion, a PE ratio of 19.09, a PEG ratio of 1.88 and a beta of 1.11.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same quarter in the prior year, the business posted $0.89 earnings per share. Equities research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, April 4th. Sysco's dividend payout ratio (DPR) is 52.44%.

Sysco 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.