Triglav Skladi D.O.O. bought a new position in shares of Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $1,529,000.
Other large investors also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Sysco during the fourth quarter worth $29,000. Stonebridge Financial Group LLC acquired a new position in Sysco in the fourth quarter valued at about $31,000. Sherman Asset Management Inc. acquired a new position in Sysco in the fourth quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new position in Sysco in the fourth quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. raised its position in shares of 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 during the period. Institutional investors own 83.41% of the company's stock.
Analyst Upgrades and Downgrades
SYY has been the topic of a number of research analyst reports. Wall Street Zen lowered Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. UBS Group decreased their price objective on Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Barclays decreased their price objective on Sysco from $87.00 to $77.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. BMO Capital Markets decreased their price objective on Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Sanford C. Bernstein set a $87.00 price objective on Sysco and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.62.
Get Our Latest Research Report on SYY
Insider Activity at Sysco
In related 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 completion of the sale, the director now directly owns 12,738 shares in the company, valued at $902,359.92. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.
Sysco Stock Performance
Shares of NYSE SYY traded down $0.27 during midday trading on Thursday, hitting $71.96. 2,772,188 shares of the company's stock were exchanged, compared to its average volume of 3,351,157. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company's 50 day moving average price is $71.76 and its 200 day moving average price is $74.00. The firm has a market capitalization of $34.88 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.
Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.06). Sysco had a return on equity of 106.30% and a net margin of 2.40%. The business had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Sysco Co. will post 4.58 earnings per share for the current fiscal year.
Sysco Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Sysco's previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 3.00%. Sysco's payout ratio is 55.96%.
Sysco Company Profile
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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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