Albion Financial Group UT grew its stake in SYSCO Co. (NYSE:SYY) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 32,570 shares of the company’s stock after purchasing an additional 984 shares during the quarter. Albion Financial Group UT’s holdings in SYSCO were worth $1,978,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its holdings in shares of SYSCO by 98.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock valued at $138,000 after acquiring an additional 1,126 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SYSCO by 465.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after acquiring an additional 2,291 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of SYSCO by 51.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after acquiring an additional 1,000 shares in the last quarter. Trustcore Financial Services LLC bought a new position in shares of SYSCO in the 4th quarter valued at about $194,000. Finally, Premia Global Advisors LLC bought a new position in SYSCO during the fourth quarter worth about $195,000. Institutional investors own 79.02% of the company’s stock.
Shares of SYSCO stock opened at $60.30 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66. The stock has a market cap of $31,409.07, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 2.02 and a beta of 0.60. SYSCO Co. has a 1 year low of $48.85 and a 1 year high of $64.27.
SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. sell-side analysts anticipate that SYSCO Co. will post 2.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.44 annualized dividend and a yield of 2.39%. SYSCO’s dividend payout ratio (DPR) is presently 64.29%.
In other SYSCO news, Director Richard G. Tilghman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $59.80, for a total transaction of $299,000.00. Following the completion of the sale, the director now directly owns 90,552 shares in the company, valued at $5,415,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Russell T. Libby sold 13,334 shares of SYSCO stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $60.69, for a total transaction of $809,240.46. Following the completion of the sale, the insider now owns 64,394 shares of the company’s stock, valued at $3,908,071.86. The disclosure for this sale can be found here. Insiders have sold 164,704 shares of company stock valued at $10,012,748 over the last 90 days. Company insiders own 9.60% of the company’s stock.
A number of equities analysts recently commented on the company. Jefferies Group set a $67.00 price target on SYSCO and gave the stock a “hold” rating in a report on Monday, February 5th. Loop Capital reduced their price target on SYSCO from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Zacks Investment Research upgraded SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Wednesday, January 10th. Bank of America lifted their price target on SYSCO from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Pivotal Research reduced their price target on SYSCO from $68.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $65.20.
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Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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