Vaughan David Investments LLC IL Buys Shares of 450,921 Sysco Co. (NYSE:SYY)

Vaughan David Investments LLC IL bought a new stake in shares of Sysco Co. (NYSE:SYY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 450,921 shares of the company's stock, valued at approximately $32,976,000. Vaughan David Investments LLC IL owned 0.09% of Sysco at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Sysco by 74.0% during the fourth quarter. AdvisorNet Financial Inc now owns 374 shares of the company's stock valued at $27,000 after buying an additional 159 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Sysco by 74.6% in the third quarter. Hexagon Capital Partners LLC now owns 419 shares of the company's stock valued at $28,000 after purchasing an additional 179 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Sysco in the first quarter valued at approximately $32,000. CGC Financial Services LLC purchased a new stake in shares of Sysco in the second quarter valued at approximately $33,000. Finally, Intrepid Capital Management Inc. purchased a new stake in shares of Sysco in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.41% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at Sysco

In related news, CAO Neil Russell sold 1,722 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the transaction, the chief accounting officer now directly owns 24,082 shares of the company's stock, valued at approximately $1,926,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

Sysco Stock Down 1.7 %

Shares of SYY stock traded down $1.33 during trading hours on Friday, reaching $75.24. 2,027,464 shares of the company's stock were exchanged, compared to its average volume of 2,979,206. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 5.00. The stock's 50 day moving average is $79.92 and its 200-day moving average is $73.92. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The company has a market cap of $37.46 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.57 and a beta of 1.15.

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

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, April 4th. Sysco's payout ratio is currently 48.90%.

Sysco 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.

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