Sysco Co. (NYSE:SYY) Shares Acquired by Ghe LLC

Ghe LLC lifted its position in shares of Sysco Co. (NYSE:SYY) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,718 shares of the company’s stock after buying an additional 146 shares during the period. Ghe LLC’s holdings in Sysco were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc increased its holdings in Sysco by 74.0% in 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 last quarter. Hexagon Capital Partners LLC boosted its position in Sysco by 74.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 419 shares of the company’s stock valued at $28,000 after buying an additional 179 shares during the period. BluePath Capital Management LLC purchased a new position in Sysco in the 3rd quarter valued at approximately $38,000. Milestone Investment Advisors LLC purchased a new position in Sysco in the 3rd quarter valued at approximately $40,000. Finally, AllSquare Wealth Management LLC purchased a new position in Sysco in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 0.4 %

NYSE:SYY traded up $0.33 during midday trading on Wednesday, hitting $77.29. 1,765,214 shares of the company were exchanged, compared to its average volume of 2,901,943. The company has a fifty day simple moving average of $79.26 and a 200 day simple moving average of $74.67. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week 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 $38.48 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.89 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the previous year, the business posted $0.80 earnings per share. Sysco’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Sysco Dividend Announcement

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st. Barclays raised their price target on shares of Sysco from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Sysco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, Stephens lifted their price objective on shares of Sysco from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sysco has a consensus 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.