Revisor Wealth Management LLC Has $573,000 Stock Holdings in Sysco Corporation (NYSE:SYY)

Revisor Wealth Management LLC boosted its holdings in shares of Sysco Corporation (NYSE:SYY - Free Report) by 102.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,642 shares of the company's stock after purchasing an additional 3,873 shares during the quarter. Revisor Wealth Management LLC's holdings in Sysco were worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in shares of Sysco by 19.8% in the fourth quarter. Fisher Asset Management LLC now owns 14,250 shares of the company's stock worth $1,090,000 after acquiring an additional 2,358 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Sysco by 35.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,516 shares of the company's stock valued at $268,000 after purchasing an additional 928 shares during the period. SRS Capital Advisors Inc. grew its position in Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after purchasing an additional 149 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Sysco by 45.3% during the 4th quarter. Jones Financial Companies Lllp now owns 46,692 shares of the company's stock worth $3,570,000 after purchasing an additional 14,568 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Sysco during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SYY. Citigroup initiated coverage on shares of Sysco in a research note on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price for the company. Wall Street Zen downgraded Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Barclays lowered their price objective on Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, UBS Group decreased their price target on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Sysco Stock Up 0.4%

Shares of NYSE SYY opened at $77.67 on Thursday. The business has a fifty day moving average of $73.06 and a two-hundred day moving average of $73.33. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.76 and a current ratio of 1.26. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $82.23. The stock has a market cap of $37.65 billion, a PE ratio of 20.12, a PEG ratio of 2.33 and a beta of 0.81.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). The firm had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a net margin of 2.36% and a return on equity of 107.96%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. As a group, equities research analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared 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 is a positive change from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 dividend on an annualized basis and a yield of 2.78%. Sysco's dividend payout ratio is 52.85%.

Insiders Place Their Bets

In other Sysco news, Director Sheila Talton sold 356 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the transaction, the director owned 12,738 shares of the company's stock, valued at approximately $902,359.92. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

About Sysco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.