Ames National Corp purchased a new position in shares of Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,135 shares of the company's stock, valued at approximately $469,000.
Several other large investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new position in Sysco during the fourth quarter worth about $29,000. Stonebridge Financial Group LLC purchased a new position in Sysco in the fourth quarter valued at about $31,000. Sherman Asset Management Inc. purchased a new position in Sysco in the fourth quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new position in Sysco during the fourth quarter worth $31,000. Finally, 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 worth $33,000 after purchasing an additional 149 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.
Sysco Trading Down 0.6%
NYSE SYY traded down $0.47 during mid-day trading on Friday, reaching $71.51. 2,628,415 shares of the stock were exchanged, compared to its average volume of 3,347,618. Sysco Co. has a 1-year low of $67.12 and a 1-year high of $82.23. The business's fifty day simple moving average is $71.65 and its 200 day simple moving average is $73.95. The stock has a market capitalization of $34.67 billion, a PE ratio of 18.38, a PEG ratio of 1.88 and a beta of 0.80. 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 (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). Sysco had a return on equity of 106.30% and a net margin of 2.40%. The firm had revenue of $19.60 billion for the quarter, compared to analyst estimates of $20.11 billion. During the same quarter last year, the business posted $0.96 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that Sysco Co. will post 4.58 earnings per share for the current fiscal year.
Sysco Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Sysco's previous quarterly dividend of $0.51. Sysco's dividend payout ratio (DPR) is 55.96%.
Analyst Upgrades and Downgrades
SYY has been the subject of a number of research analyst reports. Citigroup began coverage on Sysco in a research report on Thursday. They issued a "neutral" rating and a $78.00 price target for the company. Sanford C. Bernstein set a $87.00 price objective on shares of Sysco and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Barclays cut their target price on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Truist Financial lowered their price target on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, UBS Group dropped their price objective on shares of Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.
Read Our Latest Stock Analysis on Sysco
Insider Buying and Selling
In other Sysco news, Director Sheila Talton sold 356 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the transaction, the director now owns 12,738 shares of the company's stock, valued at $902,359.92. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.
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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