Archford Capital Strategies LLC increased its position in shares of SYSCO Co. (NYSE:SYY) by 76.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,542 shares of the company’s stock after buying an additional 6,300 shares during the period. Archford Capital Strategies LLC’s holdings in SYSCO were worth $883,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SYY. Valeo Financial Advisors LLC boosted its holdings in shares of SYSCO by 98.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock worth $138,000 after buying an additional 1,126 shares during the period. Advisors Asset Management Inc. boosted its holdings in SYSCO by 465.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after purchasing an additional 2,291 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in SYSCO by 51.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after purchasing an additional 1,000 shares during the period. Trustcore Financial Services LLC bought a new stake in SYSCO in the 4th quarter valued at $194,000. Finally, Premia Global Advisors LLC bought a new stake in SYSCO in the 4th quarter valued at $195,000. 79.02% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Jefferies Group set a $67.00 price target on shares of SYSCO and gave the company a “hold” rating in a report on Monday, February 5th. Loop Capital reduced their price target on shares of SYSCO from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Zacks Investment Research raised shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Wednesday, January 10th. Bank of America increased their price target on shares of SYSCO from $68.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Pivotal Research reduced their price target on shares of SYSCO from $68.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $65.20.
In other news, SVP Greg D. Bertrand sold 81,038 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $60.76, for a total transaction of $4,923,868.88. Following the completion of the transaction, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at approximately $4,236,247.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard G. Tilghman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $59.80, for a total transaction of $299,000.00. Following the transaction, the director now directly owns 90,552 shares of the company’s stock, valued at $5,415,009.60. The disclosure for this sale can be found here. Insiders have sold a total of 164,704 shares of company stock valued at $10,012,748 over the last ninety days. 9.60% of the stock is owned by insiders.
SYY stock opened at $60.43 on Wednesday. The company has a market cap of $31,377.76, a PE ratio of 26.98, a PEG ratio of 2.02 and a beta of 0.60. SYSCO Co. has a 1-year low of $48.85 and a 1-year high of $64.27. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66.
SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, February 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. research analysts anticipate that SYSCO Co. will post 2.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 5th. SYSCO’s payout ratio is 64.29%.
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SYSCO Company Profile
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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