CHURCHILL MANAGEMENT Corp boosted its holdings in Sysco Co. (NYSE:SYY - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,208 shares of the company's stock after acquiring an additional 4,458 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Sysco were worth $9,268,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SYY. Armstrong Advisory Group Inc. lifted its holdings in shares of Sysco by 1,240.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company's stock worth $26,000 after acquiring an additional 310 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Sysco during the third quarter worth about $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Sysco in the 3rd quarter worth about $31,000. Focused Wealth Management Inc bought a new position in shares of Sysco during the 3rd quarter valued at about $37,000. Finally, Canoe Financial LP purchased a new position in shares of Sysco during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 83.41% of the company's stock.
Sysco Price Performance
Shares of NYSE SYY traded down $0.83 during midday trading on Thursday, reaching $73.17. 3,015,270 shares of the stock traded hands, compared to its average volume of 2,209,565. The company's 50 day moving average is $76.88 and its 200 day moving average is $75.77. Sysco Co. has a one year low of $69.03 and a one year high of $82.89. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $35.95 billion, a PE ratio of 18.81, a P/E/G ratio of 1.93 and a beta of 1.18.
Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). The business had revenue of $20.48 billion during the quarter, compared to analysts' expectations of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities research analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.
Sysco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco's payout ratio is 52.44%.
Insider Activity
In other Sysco news, Director Sheila Talton sold 2,900 shares of the business'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 transaction of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. The trade was a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,306 shares of company stock valued at $6,485,050. 0.54% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts recently commented on SYY shares. Jefferies Financial Group increased their target price on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a report on Monday, December 16th. StockNews.com raised Sysco from a "buy" rating to a "strong-buy" rating in a research note on Monday. Melius initiated 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. Melius Research upgraded Sysco to a "hold" rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their price target on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sysco has an average rating of "Moderate Buy" and an average price target of $85.93.
Read Our Latest Stock Analysis on SYY
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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