Buckley Wealth Management LLC Grows Holdings in Sysco Co. (NYSE:SYY)

Buckley Wealth Management LLC raised its stake in Sysco Co. (NYSE:SYY) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,492 shares of the company’s stock after purchasing an additional 1,440 shares during the period. Buckley Wealth Management LLC’s holdings in Sysco were worth $1,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC increased its position in shares of Sysco by 74.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Sysco in the 1st quarter valued at about $32,000. CGC Financial Services LLC acquired a new position in shares of Sysco in the 2nd quarter valued at about $33,000. Intrepid Capital Management Inc. acquired a new position in shares of Sysco in the 2nd quarter valued at about $35,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of Sysco in the 2nd quarter valued at about $37,000. Institutional investors own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other news, CAO Neil Russell sold 1,722 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total transaction of $137,760.00. Following the transaction, the chief accounting officer now owns 24,082 shares in the company, valued at approximately $1,926,560. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.58% of the stock is currently owned by company insiders.

Sysco Stock Up 1.3 %

SYY stock traded up $1.04 during midday trading on Wednesday, reaching $81.94. The company had a trading volume of 1,973,056 shares, compared to its average volume of 3,026,371. Sysco Co. has a 1 year low of $62.24 and a 1 year high of $82.89. 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 company has a market capitalization of $40.79 billion, a P/E ratio of 20.03, a PEG ratio of 1.65 and a beta of 1.16. The company has a 50 day moving average of $79.42 and a two-hundred day moving average of $73.25.

Sysco (NYSE:SYY) last released its earnings results 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. Sysco had a net margin of 2.69% and a return on equity of 105.22%. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. Sysco’s dividend payout ratio (DPR) is 48.90%.

Wall Street Analysts Forecast Growth

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

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.