Mystic Asset Management Inc. Takes $786,000 Position in Sysco Co. (NYSE:SYY)

Mystic Asset Management Inc. purchased a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,282 shares of the company's stock, valued at approximately $786,000.

Several other large investors have also recently bought and sold shares of the stock. Fortem Financial Group LLC boosted its position in Sysco by 3.6% during the fourth quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock valued at $296,000 after purchasing an additional 136 shares during the last quarter. Morton Community Bank boosted its position in Sysco by 0.4% during the fourth quarter. Morton Community Bank now owns 40,585 shares of the company's stock valued at $3,103,000 after purchasing an additional 145 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Sysco by 53.0% during the fourth 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 boosted its position in Sysco by 10.7% during the fourth 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. Finally, HM Payson & Co. boosted its position in Sysco by 0.8% during the fourth quarter. HM Payson & Co. now owns 19,160 shares of the company's stock valued at $1,465,000 after purchasing an additional 150 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company's stock.

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Sysco Stock Performance

NYSE:SYY traded down $0.08 during mid-day trading on Friday, hitting $71.12. 4,897,434 shares of the stock were exchanged, compared to its average volume of 3,132,548. The stock has a market capitalization of $34.79 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The firm's 50-day simple moving average is $73.10 and its 200 day simple moving average is $75.36. 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 fifty-two week low of $69.03 and a fifty-two week high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, hitting 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 quarter last year, the firm posted $0.89 EPS. As a group, equities analysts anticipate that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The business 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 dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. Sysco's dividend payout ratio (DPR) is presently 52.44%.

Analyst Ratings Changes

Several research analysts recently commented on SYY shares. UBS Group reduced their price target on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Guggenheim reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Sysco in a research report on Wednesday, January 29th. Barclays cut their price objective on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Melius began 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. Finally, Jefferies Financial Group raised their price objective on Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.77.

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.