Stockman Wealth Management Inc. Increases Position in Sysco Co. (NYSE:SYY)

Stockman Wealth Management Inc. increased its holdings in Sysco Co. (NYSE:SYY - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,652 shares of the company's stock after buying an additional 4,190 shares during the period. Sysco accounts for 1.2% of Stockman Wealth Management Inc.'s investment portfolio, making the stock its 29th biggest position. Stockman Wealth Management Inc.'s holdings in Sysco were worth $7,696,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB raised its position in Sysco by 185.5% during the 3rd quarter. AMF Tjanstepension AB now owns 31,332 shares of the company's stock valued at $2,446,000 after purchasing an additional 20,356 shares during the last quarter. Diversified Trust Co bought a new position in shares of Sysco during the third quarter valued at $209,000. Brookstone Capital Management lifted its stake in shares of Sysco by 7.9% in the third quarter. Brookstone Capital Management now owns 15,136 shares of the company's stock worth $1,182,000 after buying an additional 1,108 shares in the last quarter. Tobam purchased a new stake in Sysco during the 3rd quarter valued at $81,000. Finally, Albion Financial Group UT increased its holdings in Sysco by 27.8% in the 3rd quarter. Albion Financial Group UT now owns 1,378 shares of the company's stock worth $108,000 after buying an additional 300 shares in the last quarter. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of research reports. Barclays reduced their target price on shares of Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Melius initiated coverage on Sysco in a research report on Wednesday, December 18th. They set a "hold" rating and a $85.00 target price for the company. StockNews.com upgraded shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Guggenheim reissued a "buy" rating and set a $85.00 price objective on shares of Sysco in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.38.

Sysco Stock Performance

SYY stock traded down $0.38 on Wednesday, reaching $70.16. The company's stock had a trading volume of 2,549,868 shares, compared to its average volume of 3,538,545. The firm has a fifty day moving average of $75.47 and a two-hundred day moving average of $75.93. The company has a market capitalization of $34.32 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68. 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 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 quarter in the prior year, the firm posted $0.89 earnings per share. As a group, analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. Sysco's dividend payout ratio (DPR) is currently 52.44%.

Insider Activity

In other Sysco news, Director Sheila Talton sold 2,900 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,270 shares of company stock worth $6,181,946. Company insiders own 0.54% of the company's stock.

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.