Duality Advisers LP Grows Stock Holdings in Sysco Co. (NYSE:SYY)

Duality Advisers LP lifted its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 150.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,180 shares of the company's stock after acquiring an additional 23,517 shares during the quarter. Duality Advisers LP's holdings in Sysco were worth $2,865,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. AdvisorNet Financial Inc boosted its stake in Sysco by 74.0% during the 4th quarter. AdvisorNet Financial Inc now owns 374 shares of the company's stock valued at $27,000 after purchasing an additional 159 shares during the period. Hexagon Capital Partners LLC boosted its stake in Sysco by 74.6% during the 3rd 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. BluePath Capital Management LLC bought a new stake in Sysco during the 3rd quarter valued at approximately $38,000. Milestone Investment Advisors LLC bought a new stake in Sysco during the 3rd quarter valued at approximately $40,000. Finally, AllSquare Wealth Management LLC bought a new stake in Sysco during the 3rd quarter valued at approximately $42,000. Institutional investors own 83.41% of the company's stock.

Sysco Price Performance

Shares of SYY traded up $0.60 during mid-day trading on Monday, reaching $77.33. The company had a trading volume of 2,600,689 shares, compared to its average volume of 2,926,738. The company's 50-day moving average is $79.33 and its 200-day moving average is $74.55. Sysco Co. has a twelve month low of $62.24 and a twelve month high of $82.89. The company has a market capitalization of $38.50 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.56 and a beta of 1.15. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.37 and a quick ratio of 0.80.

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

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. Sysco's dividend payout ratio is 48.90%.

Insider Activity at Sysco

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

Analyst Upgrades and Downgrades

SYY has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Sysco from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Barclays raised their price objective on Sysco from $85.00 to $90.00 and gave the stock 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 report 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. Finally, Stephens raised their price objective on Sysco from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.38.

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.