Jones Financial Companies Lllp Acquires 14,568 Shares of Sysco Co. (NYSE:SYY)

Jones Financial Companies Lllp boosted its holdings in Sysco Co. (NYSE:SYY - Free Report) by 45.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,692 shares of the company's stock after purchasing an additional 14,568 shares during the quarter. Jones Financial Companies Lllp's holdings in Sysco were worth $3,570,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fortem Financial Group LLC increased its holdings in Sysco by 3.6% in the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock valued at $296,000 after buying an additional 136 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after purchasing an additional 149 shares during the last quarter. S.A. Mason LLC grew its holdings in shares of Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock valued at $118,000 after purchasing an additional 150 shares during the last quarter. Cable Hill Partners LLC grew its holdings in shares of Sysco by 3.9% during the 3rd quarter. Cable Hill Partners LLC now owns 4,049 shares of the company's stock valued at $316,000 after purchasing an additional 152 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Sysco by 12.3% during the 4th quarter. Brooklyn Investment Group now owns 1,410 shares of the company's stock valued at $108,000 after purchasing an additional 154 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Price Performance

Shares of SYY stock traded down $0.44 during trading hours on Wednesday, reaching $74.48. The stock had a trading volume of 3,359,389 shares, compared to its average volume of 3,099,142. The stock's fifty day simple moving average is $73.52 and its 200 day simple moving average is $75.62. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.33. The firm has a market capitalization of $36.44 billion, a PE ratio of 19.15, a PEG ratio of 1.88 and a beta of 1.17.

Sysco (NYSE:SYY - Get Free Report) last announced its 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 net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the firm earned $0.89 earnings per share. On average, equities research analysts predict that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, April 4th. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares of the company's stock, valued at approximately $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

SYY has been the topic of several research reports. Melius Research raised shares of Sysco to a "hold" rating in a report on Wednesday, December 18th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Morgan Stanley reduced their target price on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group boosted their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Wells Fargo & Company boosted their target price on shares of Sysco from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.77.

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.