Signature Estate & Investment Advisors LLC Has $2.07 Million Stock Position in Sysco Co. (NYSE:SYY)

Signature Estate & Investment Advisors LLC lifted its stake in Sysco Co. (NYSE:SYY – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,112 shares of the company’s stock after buying an additional 1,292 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Sysco were worth $2,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ICA Group Wealth Management LLC boosted its position in Sysco by 2.5% in the third quarter. ICA Group Wealth Management LLC now owns 4,944 shares of the company’s stock valued at $350,000 after buying an additional 121 shares in the last quarter. Brinker Capital Investments LLC increased its holdings in Sysco by 3.2% during the 1st quarter. Brinker Capital Investments LLC now owns 3,851 shares of the company’s stock valued at $314,000 after purchasing an additional 121 shares in the last quarter. EP Wealth Advisors LLC raised its position in Sysco by 1.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,658 shares of the company’s stock valued at $564,000 after purchasing an additional 123 shares during the last quarter. CoreFirst Bank & Trust raised its position in Sysco by 15.5% in the 2nd quarter. CoreFirst Bank & Trust now owns 930 shares of the company’s stock valued at $79,000 after purchasing an additional 125 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its stake in Sysco by 0.3% in the third quarter. RPg Family Wealth Advisory LLC now owns 38,429 shares of the company’s stock worth $3,160,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Sysco Price Performance

Shares of SYY opened at $72.94 on Friday. The stock has a market cap of $37.02 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. Sysco Co. has a 1 year low of $70.61 and a 1 year high of $91.53. The stock’s 50-day moving average price is $77.09 and its two-hundred day moving average price is $79.04. The company has a current ratio of 1.24, a quick ratio of 0.68 and a debt-to-equity ratio of 7.20.

Sysco (NYSE:SYY – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). The firm had revenue of $18.59 billion for the quarter, compared to the consensus estimate of $18.59 billion. Sysco had a return on equity of 140.94% and a net margin of 1.93%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, equities analysts predict that Sysco Co. will post 4.04 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Thursday, April 6th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, April 5th. Sysco’s payout ratio is presently 70.76%.

Analysts Set New Price Targets

Several research analysts recently issued reports on SYY shares. StockNews.com upgraded shares of Sysco from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 10th. Bank of America began coverage on shares of Sysco in a research report on Thursday, March 9th. They set a “buy” rating and a $90.00 target price on the stock. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Sysco in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sysco from $83.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, February 1st. Finally, Argus cut Sysco from a “buy” rating to a “hold” rating in a research note on Thursday, February 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.67.

Sysco Company Profile

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Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.