Oak Thistle LLC Makes New Investment in Sysco Co. (NYSE:SYY)

Oak Thistle LLC acquired a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,715 shares of the company's stock, valued at approximately $1,661,000.

A number of other large investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC raised its position in shares of Sysco by 70,686.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,967,508 shares of the company's stock valued at $532,666,000 after purchasing an additional 6,957,665 shares in the last quarter. Norges Bank acquired a new position in Sysco during the 4th quarter worth $397,373,000. Morgan Stanley lifted its holdings in shares of Sysco by 34.8% in the fourth quarter. Morgan Stanley now owns 6,459,895 shares of the company's stock valued at $493,859,000 after buying an additional 1,666,008 shares during the period. Holocene Advisors LP acquired a new stake in shares of Sysco in the second quarter valued at $107,472,000. Finally, Imprint Wealth LLC lifted its holdings in shares of Sysco by 7,204.3% in the second quarter. Imprint Wealth LLC now owns 1,293,809 shares of the company's stock valued at $129,381,000 after buying an additional 1,276,096 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling at Sysco

In other news, CAO Neil Russell sold 1,722 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,082 shares of the company's stock, valued at $1,926,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SYY shares. Stephens upped their price target on Sysco from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, January 31st. StockNews.com downgraded Sysco from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. raised their price objective on Sysco from $84.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. BMO Capital Markets increased their target price on Sysco from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Finally, Barclays increased their target price on Sysco from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $85.38.

Sysco Trading Down 0.8 %

NYSE SYY traded down $0.63 on Monday, reaching $80.55. The company had a trading volume of 2,283,831 shares, compared to its average volume of 3,017,250. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80. The business has a 50 day moving average of $79.80 and a two-hundred day moving average of $73.49. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The firm has a market cap of $40.10 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.66 and a beta of 1.15.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The company had revenue of $19.29 billion for the quarter, compared to analysts' expectations of $19.32 billion. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Analysts forecast that Sysco Co. will post 4.3 EPS for the current year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 annualized dividend and a yield of 2.48%. Sysco's dividend payout ratio (DPR) is presently 48.90%.

Sysco Company Profile

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.